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Anwer the question on the bais of the following total data for utility data for products L and M. Assume that the prices of L
Anwer the question on the bais of the following total data for utility data for products L and M. Assume that the prices of L and M are $1.5 and $2, respectively and that the consumers income is $12.5
Un: L Total Ulitity Un: M Total Ulitity
1 9 1 16
2 15 2 28
3 18 3 36
4 20 4 40
5 21 5 42
What level of total utility does the rational consumer realize in equilibrium?
A) 162 units
B) 46 units
C) 58 units
D) 49 units
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