Fill in the MU ÷ P column for each product. Instructions: Enter your answers rounded to one decimal place. Price of Good A = $6 Price of Good B = $4 Units of Good A MU of Good A, MU + P for A utils Units of Good B MU of Good B, MU + P for B utils 1 75 12.5 1 34 8.5 2 63 10.5 2 30 7.5 3 51 8.5 3 24 6 4 39 6.5 4 22 5.5 LO 5 27 4.5 5 18 4.5 6 15 2.5 6 14 3.5 7 3 0.5 7 10 2.5 If Ross has an income of $50, how many units of each good will he purchase to ;maximize his utility? Instructions: Enter your answers as a whole number. unit(s) of good A unit(s) of good B

Fill in the MU ÷ P column for each product. Instructions: Enter your answers rounded to one decimal place. Price of Good A = $6 Price of Good B = $4 Units of Good A MU of Good A, MU + P for A utils Units of Good B MU of Good B, MU + P for B utils 1 75 12.5 1 34 8.5 2 63 10.5 2 30 7.5 3 51 8.5 3 24 6 4 39 6.5 4 22 5.5 LO 5 27 4.5 5 18 4.5 6 15 2.5 6 14 3.5 7 3 0.5 7 10 2.5 If Ross has an income of $50, how many units of each good will he purchase to ;maximize his utility? Instructions: Enter your answers as a whole number. unit(s) of good A unit(s) of good B

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter8: Evolutionary Solver: An Alternative Optimization Procedure

Section8.6: Fitting An S-shaped Curve

Problem 9P

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