In the table above, the price of commodity y is N2 and th...
In the table above, the price of commodity y is N2 and that of x is N1 while the individual has an income of N12. Determine the combination of the two commodities the individual should consume to maximize his utility
3y and 3x
6y and 4x
3y and 6x
5y and 5x
Correct answer is C
No explanation has been provided for this answer.
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