The correct answer is option B 294. The total utility is maximum when the consumer purchases 6 units of Y which costs $30 and gives utility of 210. While purchasing 7 units of good X which gives the utility of 84 for a cost of $14. The total utility by spending $44 is 294.
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QUESTION 6 Total Utility from Y 85 130 160 185 200 210 215 Total Utility from X 24 Quan 56 74 80 84 Refer to the table above. Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $44 on both goods, what is the total utility associated with the utility-maximizing combination? A 280 B. 294 C. 172 D.We don't have enough...
251 QUESTION 7 lackson has $26, which he plans to allocate among three rides at the amusement park Each ride on the Roller Coaster costs $3.00, on the Bumper Cars, $2.00, and on Splatter Mountain, $1.00. The COASTER 60 50 60 1210 utils Supply