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Qx MUX Qy MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 105 120 128 16 60 12 70 80 222 24 21 18 Suppose Fred's income is $240 and he buys 75 units of X and 30 units of Y. If Fred buys $1's worth less of X and $1's worth more of Y, then his utility will increase by 16 utils. increase by 4 utils. decrease by 4 utils. increase by 24 utils. decrease by 45 utils. decrease by 24 utils. decrease by 16 utils. not change. increase by 45 utils.

Qx MUX Qy MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 105 120 128 16 60 12 70 80 222 24 21 18 Suppose Fred's income is $240 and he buys 75 units of X and 30 units of Y. If Fred buys $1's worth less of X and $1's worth more of Y, then his utility will increase by 16 utils. increase by 4 utils. decrease by 4 utils. increase by 24 utils. decrease by 45 utils. decrease by 24 utils. decrease by 16 utils. not change. increase by 45 utils.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Qx MUX Qy MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 105 120 128 16 60 12 70 80 222 24 21 18 Suppose Fred's income is $240 and he buys 75 units of X and 30 units of Y. If Fred buys $1's worth less of X and $1's worth more of Y, then his utility will increase by 16 utils. increase by 4 utils. decrease by 4 utils. increase by 24 utils. decrease by 45 utils. decrease by 24 utils. decrease by 16 utils. not change. increase by 45 utils.
Transcribed Image Text:Qx MUX Qy MUY 15 56 10 108 30 48 20 72 45 40 30 48 60 32 40 36 75 24 50 30 90 105 120 128 16 60 12 70 80 222 24 21 18 Suppose Fred's income is $240 and he buys 75 units of X and 30 units of Y. If Fred buys $1's worth less of X and $1's worth more of Y, then his utility will increase by 16 utils. increase by 4 utils. decrease by 4 utils. increase by 24 utils. decrease by 45 utils. decrease by 24 utils. decrease by 16 utils. not change. increase by 45 utils.
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