Use table 6.1 to answer questions 5, 6, and 7.

Table 6.1

Units of X MU x Units of Y MU y

1 22 1 16

2 15 2 14

3 13 3 12

4 7 4 10

5 6 5 8

6 4 6 6

5. Calculate the utility maximizing combination of X and Y given an income of $14, Px =$4 and Py = $2.

6. What is the total utility of this combination?

7. Assume the price of good X falls to $2 and all other things remain the same.What quantities of X and Y will you now purchase?