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The daily income of Kamesh is Rs.100. He spends all his income on goods X and Y.

The daily income of Kamesh is Rs.100. He spends all his income on goods X and Y. Currently, the prices of goods X and Y are Rs.6 and Rs.4, respectively. Mr. Kamesh daily buys 10 units of good X and 10 units of good Y. If the utility of the last unit of good X and good Y consumed added same amount of utility to the total utility, then we can say that


[A]The current consumption pattern of Mr. Kamesh gives him the maximum possible utility
[B]He obtains higher additional utility per rupee from good X than from good Y
[C]He should buy more of good X and fewer of good Y
[D]He should buy more of good Y and fewer of good X

Jan 12 2018 Read more Less More

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