Solved

The Below Table Shows the Average Utility (In Utils) Obtained

Question 41

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
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 MU<sub>x</sub> = 16 utils. At the point of equilibrium, the marginal utility of the last unit purchased of goods Y and Z will be: A) MU<sub>y</sub> = 16 utils and MU<sub>z</sub> = 16 utils, respectively. B) MU<sub>y</sub> = 8 utils and MU<sub>z</sub> = 2 utils, respectively. C) MU<sub>y</sub> = 4 utils and MU<sub>z</sub> = 20 utils, respectively. D) MU<sub>y</sub> = 2 utils and MU<sub>z</sub> = 4 utils, respectively. E) MU<sub>y</sub> = 12 utils and MU<sub>z</sub> = 20 utils, respectively.
-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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents