Jean Paul Sartre of Victoria, British Columbia has the total utility for products X and Y shown in the table below. On the assumption that the prices of X and Y are $1.5 and $2. respectively, and that Jean Paul Sartre's income is $9. Units of X Total Utility Units of Total Utility 16 2 15 28 19 3 36 21 22 4 4 40 5 42 How many units of the two products will Jean Paul Sartre buy to get maximum utility? Multiple Cholce 3 of X and 2 of Y 6 of X and O of Y 2 of X and 3 of Y 1 of X and 4 of Y
Jean Paul Sartre of Victoria, British Columbia has the total utility for products X and Y shown in the table below. On the assumption that the prices of X and Y are $1.5 and $2. respectively, and that Jean Paul Sartre's income is $9. Units of X Total Utility Units of Total Utility 16 2 15 28 19 3 36 21 22 4 4 40 5 42 How many units of the two products will Jean Paul Sartre buy to get maximum utility? Multiple Cholce 3 of X and 2 of Y 6 of X and O of Y 2 of X and 3 of Y 1 of X and 4 of Y
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 8P
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