week 4 apply quiz

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 $3, and the price of product Y is $2.50. The income of the consumer is $14. Product X Product Y Quantity MUX Quantity MUY 4 IN m m 24 20 in If the consumer buys both product X and product Y, how much will the consumer buy of each in order to maximize utility