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Question 249

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Use the following to answer questions: Use the following to answer questions: -(Table: Consumer Equilibrium) Look again at the table Consumer Equilibrium. Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and you consume 4 units of good X and 2 units of good Y, and you are spending all of your income. To maximize utility, assuming that the goods are divisible, you would consume _____ of X and _____ of Y. A) less; less B) more; more C) less; more D) more; less
-(Table: Consumer Equilibrium) Look again at the table Consumer Equilibrium. Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and you consume 4 units of good X and 2 units of good Y, and you are spending all of your income. To maximize utility, assuming that the goods are divisible, you would consume _____ of X and _____ of Y.


A) less; less
B) more; more
C) less; more
D) more; less

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