Question: week 4 apply quiz Answer the question on the basis of the following total utility data for products I and M Assume that the prices

week 4 apply quiz Answer the question on the basis of

week 4 apply quiz

Answer the question on the basis of the following total utility data for products I and M Assume that the prices of L and M are $6 and $2, respectively, and that the consumer's income is $22 Units of L Total Utility Units of M Total Utility 18 What level of total utility does the rational consumer realize in equilibrium? Multiple Choice

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