Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 1SQP
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Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
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