
Table 8.2
Table 8.2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 8.2.What is Keira's marginal utility per dollar spent on the third cup of soup?
A) 72 units of utility
B) 36 units of utility
C) 12 units of utility
D) 6 units of utility
Correct Answer:
Verified
Q45: Table 8.2 Q47: Consider a downward-sloping demand curve.When the price Q52: Figure 8.1 Q55: Consider a downward-sloping demand curve.When the price Q91: If you received negative marginal utility from Q92: When diminishing marginal utility sets in, total Q97: The economic model of consumer behavior explains Q102: The substitution effect of a price increase Q105: The income effect of a price increase Q118: Eliza consumes 12 cappuccinos and 8 apple
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