The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Suppose the prices of goods X, Y, and Z are $4, $1, and $5, respectively, and the last unit purchased of good X has a marginal utility MUx = 16 utils. At the point of equilibrium, the marginal utility of the last unit purchased of goods Y and Z will be:
A) MUy = 16 utils and MUz = 16 utils, respectively.
B) MUy = 8 utils and MUz = 2 utils, respectively.
C) MUy = 4 utils and MUz = 20 utils, respectively.
D) MUy = 2 utils and MUz = 4 utils, respectively.
E) MUy = 12 utils and MUz = 20 utils, respectively.
Correct Answer:
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Q36: The below table shows the average utility
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Q42: The below table shows the average utility
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Q45: The below table shows the average utility
Q46: The below table shows the average utility
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