Question: answer below questions QUESTION TT Answer questions 11-14 based on the table below showing the marginal utility schedules for product X and product Y for

answer below questions

answer below questions QUESTION TT Answer questions 11-14 based on the table

QUESTION TT Answer questions 11-14 based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is R2 and the price of product Y is R2. The income of the consumer is R16. Product X Quantity HNMUM MU. Product Y Quantity MU, -NM th 11. If the consumer can only buy product X, how much will the consumer buy and what will be the total utility? O 4X and 20 O 4X and 104 5X and 16 5X and 120 QUESTION 12 If the consumer buys both products X and product Y, how much will the consumer buy of each to maximize utility? 4X and 2Y 3X and 4Y O 4X and 3Y O 5X and 3Y Answers to save all answers

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