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22 Jul 2018
14. A consumer has $52 per week to spend on commodities A and B. The prices of the commodities, the quantities she now buys and her evaluation of the utility provided by these quantities are as follows Price Units Bought Total Utility Marginal Utility A $1.70 20 500 в $0.50 1000 12 14 Given this information, we can definitely say a. the consumer is currently maximizing utility given her income. b. the consumer could increase her utility by buying more of A and more of B without exceeding her budget. c. to maximize utility, the consumer must buy less of A and more of B. d. the consumer's utility will be maximized when MUB/MUA = 17/4. e. both a and d.
14. A consumer has $52 per week to spend on commodities A and B. The prices of the commodities, the quantities she now buys and her evaluation of the utility provided by these quantities are as follows Price Units Bought Total Utility Marginal Utility A $1.70 20 500 в $0.50 1000 12 14 Given this information, we can definitely say a. the consumer is currently maximizing utility given her income. b. the consumer could increase her utility by buying more of A and more of B without exceeding her budget. c. to maximize utility, the consumer must buy less of A and more of B. d. the consumer's utility will be maximized when MUB/MUA = 17/4. e. both a and d.
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