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Economics, Economic Systems
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Marginal utlility problem


This is another problem that I am stuck on. This is an example that is similar to what I've been asked to do, NOT the actual question.

Consumer has a choice of goods, x and y. X is $2 and Y is $3. How much of x and y will the UT maximizing consumer purchase with an income of $17?

UNITS              MUx              MUy
1                  10                5
2                   8                4
3                   2                3
4                   2                2
5                   1                2

By OTA:  Mutasem Sinnokrot, PhD

OTA Rating:  4.9/5

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