Question

Quantity of Hamburgers/WkTotal UtilityQuantity of Broadway Shows/WkTotal Utility
1401400
2602700
3763850
4864950
59151000
69361025

If the price of X is $3 and the price of Y is $5, then, in a consumer optimum,

A) the quantity purchased of Y must be 60 percent of the quantity of X purchased.

B) the quantity purchased of Y must be 67 percent of the quantity of X purchased.

C) the marginal utility of Y must be 67 percent more than the marginal utility of X.

D) the marginal utility of X must equal 3 and the marginal utility of Y must equal 5.

Answer

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