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 $2. The income of the consumer is $8. Good A Good B Quantity MUA Quantity MUB 1. 10 1 16 14 3 12 4 4 10 5 8 6 7 4 4 If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed? Multiple Choice 14 utils per dollar 7 utils per dollar 8 utils per dollar 4 utils per dollar

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
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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 $2. The income of the consumer is $8.
Good A
Good B
Quantity
MUA
Quantity
MUB
1
10
1
16
2
9
2
14
3
8
3
12
7
4.
10
5
8
6
5
6
7
4
7
4.
If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?
Multiple Choice
14 utils per dollar
7 utils per dollar
8 utils per dollar
4 utils per dollar
Transcribed Image Text: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 $2. The income of the consumer is $8. Good A Good B Quantity MUA Quantity MUB 1 10 1 16 2 9 2 14 3 8 3 12 7 4. 10 5 8 6 5 6 7 4 7 4. If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed? Multiple Choice 14 utils per dollar 7 utils per dollar 8 utils per dollar 4 utils per dollar
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