ECONHWSols59 - 191 Award 1.00 point Answer the question based on the table below showing the marginal utility schedules for product X and product Y

# ECONHWSols59 - 191 Award 1.00 point Answer the question...

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191.Award: 1.00 pointAnswer the question based on the table below showing the marginal utility schedules for product X andproduct Y for a hypothetical consumer. The price of product X is \$4, and the price of product Y is \$2. Theincome of the consumer is \$20.Product XProduct YQuantityMUXQuantityMUY13212422822032431642041251658If the consumer buys both product X and product Y, how much will the consumer buy of each in order tomaximize utility? 4X and 2Y3X and 4Y4X and 3Y5X and 3Y References Multiple Choice Diﬃculty: 02 Medium Learning Objective: 07-02 Describe how rational consumers maximize utility by comparing the marginal utility-to-price ratios of all the products they could possibly purchase.
192.Award: 1.00 pointAnswer the question based on the table below showing the marginal utility schedules for product X andproduct Y for a hypothetical consumer. The price of product X is \$4, and the price of product Y is \$2. Theincome of the consumer is \$20.Product XProduct YQuantityMUXQuantityMUY13212422822032431642041251658When the consumer purchases the utility-maximizing combination of product X and product Y, total utility willbe 72.84.136.156. References Multiple Choice Diﬃculty: 02 Medium Learning Objective: 07-02 Describe how rational consumers maximize utility by comparing the marginal utility-to-price ratios of all the products they could possibly purchase.