Q4) You are given the following marginal utilities of goods X and Y obtained by a consumer. Given that price of X = Rs. 2.5, price of Y = Rs. 1 and income = Rs. 11, find out the optimal combination of goods No. of unit consumed of a commodity Marginal utilities of X Marginal utilities of Y 1 15 10 2 12.5 9 3 10 8 4 7.5 7 5 5 6 6 2.5 5 7 0.5 4

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A: Answer to the question is as follows:

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Q: 23

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Q: BED 2206: INTERMEDIATE MICROECONOMICS        Instructions: Answer all questions QUESTION ONE 1.…

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Q: Units Consumed Total Utility Marginal Utility 0 0 — 10 93 9.3 20   10.7 30 298   40 392   50   8.8…

A: Answer: The formula to be used: MU=Change in total utility∆TUChange in units consumed∆C

Q: Find the attached file.

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