BuyFind

ECON MICRO

5th Edition
William A. McEachern
Publisher: Cengage Learning
ISBN: 9781337000536
BuyFind

ECON MICRO

5th Edition
William A. McEachern
Publisher: Cengage Learning
ISBN: 9781337000536

Solutions

Chapter
Section
Chapter 6, Problem 2.5P
Textbook Problem

(Utility Maximization) Suppose that a consumer has a choice between two goods, X and Y. If the price of X is $2 and the price of Y is $3, how much of X and Y does the consumer purchase per period, given an income of $17 per period? Use this information about marginal utility:

Units MUX MUY
1 10 5
2 8 4
3 2 3
4 2 2
5 1 2

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