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
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
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 6QP
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