Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility)that a consumer would get from successive quantities of products J and K. If the consumer has money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing
A)3 units of J and 7 units of K.
B)5 units of J and 5 units of K.
C)4 units of J and 5 units of K.
D)6 units of J and 3 units of K.

Question

Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility)that a consumer would get from successive quantities of products J and K.  If the consumer has money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing
A)3 units of J and 7 units of K. 
B)5 units of J and 5 units of K. 
C)4 units of J and 5 units of K. 
D)6 units of J and 3 units of K.

Quizplus · Accepted Answer

The Answer of Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility)that a consumer would get from successive quantities of products J and K.  If the consumer has money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing
A)3 units of J and 7 units of K. 
B)5 units of J and 5 units of K. 
C)4 units of J and 5 units of K. 
D)6 units of J and 3 units of K.

Answer the Question on the Basis of the Following Two