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Please calculate the correct answers Question 1 1 pts Kimberly is maximizing her utility by purchasing the optimal level of Good X and Good Y.
Please calculate the correct answers
Question 1 1 pts Kimberly is maximizing her utility by purchasing the optimal level of Good X and Good Y. The last unit of Good X provided her with 91 additional units utility, while the last unit of Good Y provided her with 65 additional units of utility. The price of Good Y is $10. From this information, the price of Good X iS $[price]. Do not include the $-sign in your answer. Round to two decimalplaces, if necessary. Quercus may alter the format of your answer don't worry, it'll be ne. Question 2 1 pts Simon is currently using up the entire weekly budget he has allocated to purchasing Goods X and Y. The last unit of Good X provides him with 17 additional units of utility, while the last unit of Good Y provides him with 51 additional units of utility. The price of Good X is $4 and each unit of Good Y cost $12. What recommendation would you make to Simon if he wanted to maximize his utility? Relative to the current combination of goods, he should [salad] V of Good X and [salad] V of Good YStep by Step Solution
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