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Author Question: FIGURE 6-2Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, and the ... (Read 97 times)

ShannenConnor

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on: Oct 12, 2022

Question 1




FIGURE 6-2

Refer to Figure 6-2. If the price of X is $2 and the price of Y is $1 and the consumer is buying 4 units of X and 2 units of Y, the consumer's total utility is


◦ 56.
◦ 10.
◦ 8.
◦ 52.
◦ 69.

Question 2




FIGURE 6-2

Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, and the consumer's income is $10. The consumer is currently buying 4 units of good X and 2 units of good Y. In order to maximize his utility, he should


◦ make no changes - he is already maximizing his total utility.
◦ buy more of X but the same amount Y.
◦ buy the same amount of X but less Y.
◦ buy more of X and less Y.
◦ buy more Y and less X.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ShannenConnor on Oct 12, 2022

Sha

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ShannenConnor

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Reply 2 on: Oct 12, 2022
Excellent

abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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