Answer to Question #103124 in Microeconomics for dechas ibrahim

Question #103124
Suppose a particular consumer has 8 birr to be spent on two goods, A and B. The unit price
of good A is 2 birr and the unit price of B is 1 birr. The marginal utility (MU) she gets from
consumption of the goods is given below.
Quantity
1 36 30
2 24 22
3 20 16
4 18 12
5 16 10
6 10 4
A) Based on the cardinal analysis, what is the combination of the two goods that gives
maximum utility to the consumer?
B) What is the total utility at the utility maximization level?
1
Expert's answer
2020-02-17T08:52:02-0500

A. good A=36

good B =30

B. 36 + 30= 66


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

Biruk
03.08.21, 10:24

Its really helping , thanks

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS