Quantity 1 23456 Total Utility from X 24 42 Total Utility from Y 85 130 160 T 185 200 210 215 56 66 74 80 84 Refer to the table above. Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $44 on both goods, what is the total utility associated with the utility-maximizing combination? A. 280 B. 294 OC-172 OD-We don't have enough information to determine total utility E.

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Author:Tucker, Irvin B.
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Chapter6: Consumer Choice Theory
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QUESTION 6
Quantity
Total Utility from X
24
42
56
66
74
80
84
Total Utility from Y
85
130
160
185
200
210
215
Refer to the table above. Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $44 on both goods, what is the total utility
associated with the utility-maximizing combination?
A 280
B. 294
C172
ⒸD-We don't have enough information to determine total utility
E. 251
Transcribed Image Text:QUESTION 6 Quantity Total Utility from X 24 42 56 66 74 80 84 Total Utility from Y 85 130 160 185 200 210 215 Refer to the table above. Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $44 on both goods, what is the total utility associated with the utility-maximizing combination? A 280 B. 294 C172 ⒸD-We don't have enough information to determine total utility E. 251
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