Table 10-2

Table 10-2 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 10-2.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

Question

Table 10-2
  
Table 10-2 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 10-2.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

Quizplus · Accepted Answer

The marginal utility per dollar is calculated by dividing the marginal utility of the third cup of soup by its price. If the marginal utility is 12 units and the price is $2, then the marginal utility per dollar is 6 units.

Table 10-2 Table 10-2 Above Shows Keira's Utility from Soup and Sandwiches.The