Answer the Question on the Basis of the Following Marginal

Answer the question on the basis of the following marginal utility data for products X and Y.Assume that the prices of X and Y are $4 and $2 respectively and that the consumer's income is $18. $\begin{array}{c}\begin{array}{c}\text {Units}\\\underline{\text {of X }}\\1\\2\\3\\4\\5\\6\end{array}\begin{array}{c}\text {Marginal}\\\underline{\text {Utility, X}}\\20\\16\\12\\8\\6\\4\end{array}\begin{array}{c}\text {Units}\\\underline{\text {of Y }}\\1\\2\\3\\4\\5\\6\end{array}\begin{array}{c}\text {Marginal}\\\underline{\text {Utility, Y}}\\16\\14\\12\\10\\8\\6\end{array}\end{array}$
Refer to the data.Which of the following represents the demand schedule for X?

A)
$\underline{P} \quad\quad$$\underline{Q_{d}}$
$\$ 4 \quad\quad2$
2 $\quad\quad 5$ .
B)
$\underline{P} \quad\quad$$\underline{Q_{d}}$
$\$ 4 \quad\quad2$
2 $\quad\quad 5$
C)
$\underline{P} \quad\quad$$\underline{Q_{d}}$
$\$ 4 \quad\quad3$
2 $\quad\quad 6$
D)
$\underline{P} \quad\quad$$\underline{Q_{d}}$
$\$ 4 \quad\quad3$
2 $\quad\quad 5$ .

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free