Question 5 The following schedules show the amounts of additional satisfaction (marginal utility) that a consumer derives from successive quantities of products X and Y, if this consumer has an income of $18 and the prices of X and Y are $2 and $4 respectively Units of X TUMUMU /S Units of Y TUMU MU /S 20 48 2 38 2 88 120 144 160 168 7 3 54 3 4 68 4 5 80 90 98 172 FIND: 1- The consumer maximize utility by purchasing If the consumer income changed to $26-2
Question 5 The following schedules show the amounts of additional satisfaction (marginal utility) that a consumer derives from successive quantities of products X and Y, if this consumer has an income of $18 and the prices of X and Y are $2 and $4 respectively Units of X TUMUMU /S Units of Y TUMU MU /S 20 48 2 38 2 88 120 144 160 168 7 3 54 3 4 68 4 5 80 90 98 172 FIND: 1- The consumer maximize utility by purchasing If the consumer income changed to $26-2
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 6SQP
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