Question: refer to the table above assume that the price of...
Refer to the table above. Assume 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 combination of X and Y will the consumer purchase in order to maximize utility?
We don’t have enough information of determine his consumption bundle.
He will spend more on X than on Y because X is less expensive than Y.
He will purchase 4 units of Y and 4 units of X.
He will purchase 2 units of Y and 2 units of X.
He will purchase 6 units of Y and 7 units of X.