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Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15

Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15
Transcribed Image Text:Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15
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