Please refer to the table above. The price of Product A is $1 and the price of Product B is $3. How many of Product A is the optimal consumption choice if this consumer is limited to spending $25?
Please refer to the table above. The price of Product A is $1 and the price of Product B is $3. How many of Product A is the optimal consumption choice if this consumer is limited to spending $25?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 7 0/1 POINTS
Quantity of
Product A
Total Utility Marginal Utility
Quantity of
Product B
Total Utility Marginal Utility
1
16
16
1
30
30
30
14
46
16
42
12
61
15
52
10
4
75
14
60
8.
88
13
66
6.
6.
100
12
7
70
4
7
111
11
Please refer to the table above. The price of Product A is $1 and the price of Product B is $3. How many of Product A is in
the optimal consumption choice if this consumer is limited to spending $25?
X That's not right.
4 unit(s) of Product A
FEEDBACK
234 n6
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