Question 32 The last unit purchased of good "X" gave you marginal utility = 3 and c $10/unit. The last unit purchased of good "Y" gave you marginal utility 1 and cost $4/unit. To maximize your utility you should: O do nothing since you are already maximizing. O buy more of good "X" and less of good "Y." O buy less of good "X" and more of good "Y."
Question 32 The last unit purchased of good "X" gave you marginal utility = 3 and c $10/unit. The last unit purchased of good "Y" gave you marginal utility 1 and cost $4/unit. To maximize your utility you should: O do nothing since you are already maximizing. O buy more of good "X" and less of good "Y." O buy less of good "X" and more of good "Y."
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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Transcribed Image Text:Question 32
The last unit purchased of good "X" gave you marginal utility = 3 and cost
$10/unit. The last unit purchased of good "Y" gave you marginal utility =
1 and cost $4/unit. To maximize your utility you should:
do nothing since you are already maximizing.
O buy more of good "X" and less of good "Y."
O buy less of good "X" and more of good "Y."
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