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Quantity Duantizy Quantity of T of Y ofT 40 40 40 20 20 20 15 15 15 10 10 50 40 120 50 00 120
Quantity Duantizy Quantity of T of Y ofT 40 40 40 20 20 20 15 15 15 10 10 50 40 120 50 00 120 50 40 120 Quantity of X Quantity of H Quantity of X [1) (2) 131 For graph (2], if the price of X is $60, what is the consumer's income? O $3,000 $6,000 O $2,0DO O $1,000 O This cannot be determined from the information provided. A consumer is in equilibrium if he or she derives the same O total utility from each good consumed. O marginal utility from each good consumed. O total utility per dollar spent on each good consumed. O marginal utility per dollar spent on each good consumed. Apples Oranges Units Total Utility Units Total Utility 1 15 1 22 28 2 41 39 3 58 48 73 55 S 85 Refer to the above table. Marginal utility for 5th unit of apple equals to 0 48 0 12 0 9 07
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