Product X Product Y Quantity MUx Quantity MU 1 16 1 12 14 2 10 W N 12 | w 8 4 10 4 6 UT 8 5 4 The table shows the marginal utility schedules for old product X and new product Y for a hypothetical consumer. The price of X is $2, and the price of good Y is $1. The budget of the consumer is $7. What is the increase in total utility from the original situation when purchasing just X, compared to now when the consumer purchases the utility-maximizing combination of both X and Y? Multiple Choice O 12 O 8 O 52 O 603; 8.59 9.59 19.59 11.59 The table shows labor demand data on the left and labor supply data on the right. We can conclude that Multiple Choice 0 the product market is imperfectly competitive and the labor market is monopsonistic. O the labor market is monopsonistic. but the product market is purely competitive. 0 both the labor and product markets are purely competitive. O the labor market is purely competitive. but the product market is monopsonistic