You are choosing between two goods, X and Y, marginal utility from each is as shown...

 

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You are choosing between two goods, X and Y, marginal utility from each is as shown in the table below. If your income is $18 and the prices of X = $2 and Y = $4, respectively then use the table below to answer the following questions: Marginal Muy Utility of $/ Units Tota Marginal of X I Utility of Mux $/ Units Tota of Y Utili X Utili Y ty ty 1 16 1 20 2 30 2 36 3 42 3 48 4 52 4 56 5 60 5 62 66 9 66 6 7 70 7 68 1. Fill in the table 2. What quantities of X & Y will you purchase to maximize total utility? 3. What will be the maximum total utility? 4. If the Price of Y changes to $2, what quantity of X and Y will you purchase to maximize utility? You are choosing between two goods, X and Y, marginal utility from each is as shown in the table below. If your income is $18 and the prices of X = $2 and Y = $4, respectively then use the table below to answer the following questions: Marginal Muy Utility of $/ Units Tota Marginal of X I Utility of Mux $/ Units Tota of Y Utili X Utili Y ty ty 1 16 1 20 2 30 2 36 3 42 3 48 4 52 4 56 5 60 5 62 66 9 66 6 7 70 7 68 1. Fill in the table 2. What quantities of X & Y will you purchase to maximize total utility? 3. What will be the maximum total utility? 4. If the Price of Y changes to $2, what quantity of X and Y will you purchase to maximize utility?