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Table 1 Qx MUX QY MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 16 60 24 105 12 70 21 120 8 80 18 3 S If Fred's income is $150 and he buys 30 units of X and 30 units of Y, then Fred is maximizing his utility. can maximize his utility by buying 15 units of X and 40 units of Y. can increase his utility by buying $1's worth less of X and $1's worth more of Y. can maximize his utility by buying 45 units of X and 20 units of Y. can increase his utility by buying $1's worth more of X and $1's worth less of Y.

Table 1 Qx MUX QY MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 16 60 24 105 12 70 21 120 8 80 18 3 S If Fred's income is $150 and he buys 30 units of X and 30 units of Y, then Fred is maximizing his utility. can maximize his utility by buying 15 units of X and 40 units of Y. can increase his utility by buying $1's worth less of X and $1's worth more of Y. can maximize his utility by buying 45 units of X and 20 units of Y. can increase his utility by buying $1's worth more of X and $1's worth less of Y.

Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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Table 1 Qx MUX QY MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 16 60 24 105 12 70 21 120 8 80 18 3 S If Fred's income is $150 and he buys 30 units of X and 30 units of Y, then Fred is maximizing his utility. can maximize his utility by buying 15 units of X and 40 units of Y. can increase his utility by buying $1's worth less of X and $1's worth more of Y. can maximize his utility by buying 45 units of X and 20 units of Y. can increase his utility by buying $1's worth more of X and $1's worth less of Y.
Transcribed Image Text:Table 1 Qx MUX QY MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 16 60 24 105 12 70 21 120 8 80 18 3 S If Fred's income is $150 and he buys 30 units of X and 30 units of Y, then Fred is maximizing his utility. can maximize his utility by buying 15 units of X and 40 units of Y. can increase his utility by buying $1's worth less of X and $1's worth more of Y. can maximize his utility by buying 45 units of X and 20 units of Y. can increase his utility by buying $1's worth more of X and $1's worth less of Y.
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