The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-If all consumers had identical preferences, then their marginal utility schedules would be the same.

Question

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-If all consumers had identical preferences, then their marginal utility schedules would be the same.

Quizplus · Accepted Answer

If all consumers had identical preferences, then their individual marginal utility schedules for the two goods would be the same. However, it is possible that different consumers have different preferences and therefore their marginal utility schedules would be different.

The Below Figure Shows the Various Combinations of the Goods