The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?
A)14 utils per dollar
B)7 utils per dollar
C)8 utils per dollar
D)4 utils per dollar

Question

The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8.  If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?
A)14 utils per dollar 
B)7 utils per dollar 
C)8 utils per dollar 
D)4 utils per dollar

Quizplus · Accepted Answer

The Answer of The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8.  If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?
A)14 utils per dollar 
B)7 utils per dollar 
C)8 utils per dollar 
D)4 utils per dollar

The Table Shows the Marginal-Utility Schedules for Goods a and B