The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $1. The income of the consumer is $11.   Good A Good B Quantity MUA Quantity MUB 1 10 1 16 2 9 2 14 3 8 3 12 4 7 4 10 5 6 5 8 6 5 6 6 7 4 7 4

Q: Price for X is $1 and Y is $2.  Budget is $9.            Good X                Good Y…

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A: Given table:

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A: Answer: Introduction: Marginal utility: marginal utility refers to the additional utility derived…

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A: Bundle Q(A) MU/$(A) Q(B) MU/$(B) A 0   9   B 3 6.13 8 5.13 C 6 5.38 7 5.21 D 9 4.63 6 5.29…

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Q: Suppose that Sam has a utility function u(x, y)= xy2 where x is the amount of good 1 and y is the…

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Q: Suppose that I = 100, px = 1 and py = 2. How much of good x and good y will Amy optimally choose?…

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A:

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