Question: Economics 19 Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer.

Economics 19

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 $4, and the price of product Y is $4. The income of the consumer is $24. Product X Product Y Quantity MUX Quantity MUY 1 32 1 24 2 28 20 w 24 W N 16 20 12 5 16 5 8 When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be Multiple Choice 40 O 120. 176 O 148

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