Let the following table represents the total utility of a given consumer, in the cardinal utility approach. Q 1 2 3 4 5 Tux 8 14 18 20 20 Tuy 6 10 13 15 16 Mux Muy Mux/px Muy/py D) Assuming the...

Let the following table represents the total utility of a given consumer, in the cardinal utility approach.

Q	1	2	3	4	5
Tux	8	14	18	20	20
Tuy	6	10	13	15	16
Mux
Muy
Mux/px
Muy/py

D) Assuming the consumer has any amount of money (enough budget) how many of X and Y should the consumer buy, to maximize utility?

E) What is the total utility of X and Y?

F) Let now price of X is 4 birr per unit and price of Y is 2 birr per unit and budget of the consumer for consumption of X and Y is 20 birr. Given budget constraint how many

of X and Y should the consumer buy to maximize utility?

G) What are the total utility of X and Y

Extracted text: 1. Let the following table represents the total utility of a given consumer, in the cardinal utility approach. Q TUX TUY MUX MUY 1 4 5 8 14 18 20 20 6. 10 13 15 16 MUx/Px MUy/PY A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the consumer take to maximize utility? C) What is the maximum utility of X and Y if they are free?. D) Assuming the consumer has any amount of money (enough budget) how many of X and Y should the consumer buy, to maximize utility? E) What is the total utility of X and Y? F) Let now price of X is 4 birr per unit and price of Y is 2 birr per unit and budget of the consumer for consumption of X and Y is 20 birr. Given budget constraint how many of X and Y should the consumer buy to maximize utility? G) What are the total utility of X and Y