Column 1 Column 2 Column 3 Column 4 Column 5 Units of Units of Units of Units of Number of MU MU MU MU MU Good A Good B Good C Good D Dollars Saved 1 72.00 1 24.00 1 15.00 1 36.00 1 5.00 2 54.00 2 15.00 2 12.00 2 30.00 2 4.00 3 45.00 3 12.00 3 8.00 3 24.00 3 3.00 4 36.00 4 9.00 4 7.00 4 18.00 4 2.00 5 27.00 5 7.00 5 5.00 5 13.00 5 1.00 6 18.00 6 5.00 6 4.00 6 7.00 6 0.50 7 15.00 7 2.00 7 3.50 7 4.00 7 0.25 8 12.00 8 1.00 8 3.00 8 2.00 8 0.13 Columns 1 through 4 in the accompanying table show the marginal utility that Ralph Burgundy would get by purchasing various amounts of products A, B, C, and D, while Column 5 shows the marginal utility from saving. Assume that P of good A is $36.00, the P of good B is $12.00, the P of good C is $8.00, and the P of good D is $48.00, while only $209 is the amount available for spending. How many units of B will be purchased? 05 11

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Column 1
Column 2
Column 3
Column 4
Column 5
Units of
Units of
Units of
Units of
Number of
MU
MU
MU
MU
MU
Good A
Good B
Good C
Good D
Dollars Saved
1
72.00
1
24.00
1
15.00
1
36.00
1
5.00
2
54.00
2
15.00
2
12.00
2
30.00
2
4.00
3
45.00
3
12.00
3
8.00
3
24.00
3
3.00
4
36.00
4
9.00
4
7.00
4
18.00
4
2.00
5
27.00
5
7.00
5
5.00
5
13.00
5
1.00
6
18.00
6
5.00
6
4.00
6
7.00
6
0.50
7
15.00
7
2.00
7
3.50
7
4.00
7
0.25
8
12.00
8
1.00
8
3.00
8
2.00
8
0.13
Columns 1 through 4 in the accompanying table show the marginal utility that Ralph Burgundy would
get by purchasing various amounts of products A, B, C, and D, while Column 5 shows the marginal
utility from saving. Assume that P of good A is $36.00, the P of good B is $12.00, the P of good C is
$8.00, and the P of good D is $48.00, while only $209 is the amount available for spending. How
many units of B will be purchased?
05
11
Transcribed Image Text:Column 1 Column 2 Column 3 Column 4 Column 5 Units of Units of Units of Units of Number of MU MU MU MU MU Good A Good B Good C Good D Dollars Saved 1 72.00 1 24.00 1 15.00 1 36.00 1 5.00 2 54.00 2 15.00 2 12.00 2 30.00 2 4.00 3 45.00 3 12.00 3 8.00 3 24.00 3 3.00 4 36.00 4 9.00 4 7.00 4 18.00 4 2.00 5 27.00 5 7.00 5 5.00 5 13.00 5 1.00 6 18.00 6 5.00 6 4.00 6 7.00 6 0.50 7 15.00 7 2.00 7 3.50 7 4.00 7 0.25 8 12.00 8 1.00 8 3.00 8 2.00 8 0.13 Columns 1 through 4 in the accompanying table show the marginal utility that Ralph Burgundy would get by purchasing various amounts of products A, B, C, and D, while Column 5 shows the marginal utility from saving. Assume that P of good A is $36.00, the P of good B is $12.00, the P of good C is $8.00, and the P of good D is $48.00, while only $209 is the amount available for spending. How many units of B will be purchased? 05 11
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