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Answer the question based on the table below showing the marginal...

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Answer the question based on the table below showing the marginal...

Answer the question based on the table below showing the marginal utility schedules for product X and prouduct y for a hypothetical consumer. The price of product x is $3.50 and the price of product why is $2. the income of the consumer is $13

Product x.              Product y


Quantity Mux.    Quantity Muy

1               32           1         24


2             28          2          20


3              24           3        16


4            20         4          12


5            16          5            8


If the consumer buys both product X and product Y, how much will the consumer buy of each in order to maximize utility?

Multiple choice


A.1x and 5y


B.4x and 1y


C.3x and 2y


D.2x and 3y

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Answered by MicheniP on coursehero.com

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Step-by-step explanation

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