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's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing
A) 3 units of J and 3 units of K.
B) 1 unit of J and 3 units of K.
C) 4 units of J and 1 unit of K.
D) 2 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's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing
A) 3 units of J and 3 units of K. 
B) 1 unit of J and 3 units of K. 
C) 4 units of J and 1 unit of K. 
D) 2 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's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing
A) 3 units of J and 3 units of K. 
B) 1 unit of J and 3 units of K. 
C) 4 units of J and 1 unit of K. 
D) 2 units of J and 3 units of K.

Answer the Question on the Basis of the Following Two