ume that you have tot a utlity 95 nd 95 when you consume zero to 4 units of ice- eam cones. Please say how many ice-cream nes which maximize your utility using margina ility, marginal net utility and total net utility ncepts.Unit price of ice-cream cone is $15.

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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1.Assume that you have total utility of 0,50,80,95
and 95 when you consume zero to 4 units of ice-
cream cones. Please say how many ice-cream
cones which maximize your utility using marginal
utility, marginal net utility and total net utility
concepts.Unit price of ice-cream cone is $15.
Transcribed Image Text:1.Assume that you have total utility of 0,50,80,95 and 95 when you consume zero to 4 units of ice- cream cones. Please say how many ice-cream cones which maximize your utility using marginal utility, marginal net utility and total net utility concepts.Unit price of ice-cream cone is $15.
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