Quantity 1 2 3 4 5 000 880 O 750 Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. If Bobby maximizes utility from these goods, his total utility is___________ units. 770 Pizza Total utility 95 180 255 320 375 705 Quantity 1 2 3 4 5 CDs Total utility 170 320 450 560 650

Quantity 1 2 3 4 5 000 880 O 750 Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. If Bobby maximizes utility from these goods, his total utility is___________ units. 770 Pizza Total utility 95 180 255 320 375 705 Quantity 1 2 3 4 5 CDs Total utility 170 320 450 560 650

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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S Ticket system My Dispense Academic Calendar My courses (7) · The table below shows total utility for two products. So, given this data, complete the table below: (CLO#3) No. of Product A Total Utility for A Marginal Utility of No. of Product B Total Utility for B Marginal Utility of A 210 270 390 2 510 540 3 690 4 660 4 780 750 810 Paragraph BI:= = A. N34 5
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. TOTAL AND MARGINAL UTILITY E UTILITY CALCULATIONS Reset Total Utility Quantity Consumed Total Marginal Utility 70 Utility 60 50 22 40 1 22 30 18 20 2 40 10 14 3 4 6 8 3 54 Quantity Consumed Marginal Utility 10 20 4 64 6. 10 70 4 6. -10 72 -20 -2 Quantity Consumed 70 Quantity Consumed -6 8 64 2. 4 6 8
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