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13 Oct 2021
- 1. Suppose a particular consumer has 8 birr to be spent on two goods, A and B. The unit price of good A is 2 birr and the unit price of B is 1 birr. The marginal utility (MU) she gets from consumption of the goods is given below.
Quantity
MUA MUB
1 36 30
2 24 22
3 20 16
4 18 12
5 16 10
6 10 4
A) Based on the cardinal analysis, what is the combination of the two goods that gives maximum utility to the consumer?
B) What is the total utility at the utility maximization level?
- 1. Suppose a particular consumer has 8 birr to be spent on two goods, A and B. The unit price of good A is 2 birr and the unit price of B is 1 birr. The marginal utility (MU) she gets from consumption of the goods is given below.
Quantity
MUA MUB
1 36 30
2 24 22
3 20 16
4 18 12
5 16 10
6 10 4
A) Based on the cardinal analysis, what is the combination of the two goods that gives maximum utility to the consumer?
B) What is the total utility at the utility maximization level?
16 Jun 2023
sheikhaasif12345Lv10
17 Oct 2021
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skyalpaca180Lv10
13 Oct 2021
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