67 227
Assignments Done
99,2%
Successfully Done
In November 2018

Answer to Question #66489 in Microeconomics for Chris

Question #66489
How much total utility does Nathan receive from the $50.00 of expenditures?
Expert's answer
To find how much total utility Nathan receives from the $50.00 of expenditures, we need to know the utility-maximizing amount of consumption of beer and tutoring, then we should calculate the total utility at that level of consumption of beer and tutoring (total utility is the sum of marginal utilities) and then we should add this total utilities.

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

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions