*Course Hero X Study.com - Search f x @ Unit 5 Lab Quiz - BU: x M Question 15 - Unit 5 | x ECON 2011 : Intro to | x *Search Results | Cour > * *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.co... Update : Unit 5 Lab Quizi Saved p Save & Exit Submit 15 Units of X MUX MUx/Px = $2 MUx/Px = $1 Units of Y MUy MUy/Py = $4 20 48 18 40 16 36 14 32 points 12 24 Skipped 11 12 If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy Multiple Choice O 1 unit of X and 2 units of Y. O 1 unit of X and 1 unit of Y. O 2 units of X and 2 units of Y. O 5 units of X and no units of Y. *Course Hero X Study.com - Search f x @ Unit 5 Lab Quiz - BU: x M Question 17 - Unit 5 | x ECON 2011 : Intro to | x Search Results | Coul > * *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.co... Update : Unit 5 Lab Quiz i Saved p Save & Exit Submit 17 (LAST WORD) Homes have many characteristics, such as the number of rooms and windows, square footage, and etc. If one of those characteristics gets selectively taxed by government Multiple Choice points Skipped O consumers will usually just pay the tax and not modify existing or new homes. O the marginal utility of the nontaxed characteristics will rise. O the marginal utility of that characteristic is reduced. O consumers will build or modify their homes to minimize those characteristics and therefore their tax burden. *Course Hero X Study.com - Search f x @ Unit 5 Lab Quiz - BU: X M Question 18 - Unit 5| x ECON 2011 : Intro to | x * Search Results | Coul x * Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.co... Update : Unit 5 Lab Quiz i Saved p Save & Exit Submit 18 Assume that A and B are both priced at $1 per unit and that Mary has $10 to spend on A and B. She buys 6 units of A and 4 units of B. The marginal utility of the final unit of A bought is 12, and that of B is 8. This indicates that Multiple Choice points Skipped O Mary's consumption is in equilibrium. O to maximize utility, Mary should buy more of B and less of A. O to maximize utility, Mary should buy more of A and less of B. O given another dollar, Mary should buy an additional unit of B. *Course Hero X Study.com - Search f x @ Unit 5 Lab Quiz - BU: X M Question 23 - Unit 5 X ECON 2011 : Intro to | x *Search Results | Cou > * *Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.co... Update : Unit 5 Lab Quiz i Saved p Save & Exit Submit 23 The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer income is $22. Units of S Total Utility Units of T Total Utility 12 20 27 35 W N points 39 45 UI A W N 48 50 51 52 If the price of T decreases from $5 to $4, the price of S rises from $3 to $4, and the consumer's income rises from $22 to $24, then the utility-maximizing combination is such that the quantity of T consumed Multiple Choice O increases from 2 to 4, while the quantity of S falls from 4 to 2. increases from 2 to 3, while the quantity of S remains unchanged at 4. O remains unchanged, as does the quantity of S. O increases from 2 to 3, while the quantity of S falls from 4 to 3.