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Ahmad choosing between two pods, X and Y, and your marginal utility from each is as shown in the table below. If your income
Ahmad choosing between two pods, X and Y, and your marginal utility from each is as shown in the table below. If your income is S12and the prices of X = $2 and price of Y is $2. Marginal utility per 2 3 4 5 6 Good X Marginal 20 16 12 8 6 4 Marginal utility per Good Y Marginal 16 14 12 10 8 6 1. What quantitiesofX and Y should be purchased to maximize utility? 2. What total utility will the consumer realize at these quantities founded in part 1? 3. Assurne that, other things rernaining unchanged, the price of Y falls to Sl. What quantities of X and Y will you now purchase to maximize utility? 4. using the two prices and quantities for good Y, derive a dernand schedule for good
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