5. The table below shows total utility for two products. Suppose that the price for product A is $5 and the price for product B is $5. Number of product A Total Utility for A Number of product B Total Utility for B 1 140 1 180 2 250 340 360 3 460 4 440 4 520 500 5 540 (a) Suppose that a person has $25. How many units of product A and product B should she buy to maximize her happiness given her budget constrain?
5. The table below shows total utility for two products. Suppose that the price for product A is $5 and the price for product B is $5. Number of product A Total Utility for A Number of product B Total Utility for B 1 140 1 180 2 250 340 360 3 460 4 440 4 520 500 5 540 (a) Suppose that a person has $25. How many units of product A and product B should she buy to maximize her happiness given her budget constrain?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![5. The table below shows total utility for two products. Suppose that the price for product A
is $5 and the price for product B is $5.
Number of product A Total Utility for A Number of product B Total Utility for B
1
140
1
180
250
2
340
3
360
3
460
4
440
4
520
5
500
5
540
(a) Suppose that a person has $25. How many units of product A and product B should she
buy to maximize her happiness given her budget constrain?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F397735d2-3cfd-4ae7-845e-246a5a5b29f6%2F88e3bec7-49ab-4305-a2e5-95aecf587196%2F6ut3v4g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. The table below shows total utility for two products. Suppose that the price for product A
is $5 and the price for product B is $5.
Number of product A Total Utility for A Number of product B Total Utility for B
1
140
1
180
250
2
340
3
360
3
460
4
440
4
520
5
500
5
540
(a) Suppose that a person has $25. How many units of product A and product B should she
buy to maximize her happiness given her budget constrain?
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