Question: Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price

Answer the question 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 $2.50, and the price of product Y is $2. The income of the consumer is $16.

Product X Product Y Quantity MU_X Quantity MU_Y 1 32 1 24 2 28 2 20 3 24 3 16 4 20 4 12 5 16 5 8

If the consumer buys both product X and product Y, how much will the consumer buy of each in order to maximize utility?

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