PROBLEM You are choosing between two goods, X and Y, and your MU from each is shown in the table below.  Assume that, other things remaining unchanged, the price of X falls to $1. What quantities of X and Y will you now purchase? Using the two prices and quantities of X, derive a demand curve for X. 1. If your income is $9 and the prices of X and Y are $2 and $1, respectively, how many units of product X will you purchase to maximize utility? Use a number, no decimal value, no commas, no space, no unit of measurement. 2. If your income is $9 and the prices of X and Y are $2 and $1, respectively, how much will be the total utility for product X only to maximize utility? Use a number, no decimal value, no commas, no space, no unit of measurement.

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