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Answer the following question on the basis of the following marginal utility data for products X and Y.Assume that the prices of X and Y
Answer the following question on the basis of the following marginal utility data for products X and Y.Assume that the prices of X and Y are $4 and $2 respectively and that the consumer's income is $12.What quantities should be purchased to maximize utility?
Units
Marginal Utility, X
Marginal Utility, Y
1
20
16
2
16
14
3
12
12
4
8
10
5
6
8
6
4
6
Group of answer choices
a. 1 of X and 4 of Y
b. 2 of X and 6 of Y
c. 1 of X and 6 of Y
d. 4 of X and 5 of Y
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