Question 5 The following schedules show the amounts of additional satisfaction (marginal utility) that a consumer derives from successive quantities of products X and Y, if this consumer has an income of $18 and the prices of X and Y are $2 and $4 respectively Units of X TUMUMU /S Units of Y TUMU MU /S 20 48 2 38 2 88 120 144 160 168 7 3 54 3 4 68 4 5 80 90 98 172 FIND: 1- The consumer maximize utility by purchasing If the consumer income changed to $26-2

Question 5 The following schedules show the amounts of additional satisfaction (marginal utility) that a consumer derives from successive quantities of products X and Y, if this consumer has an income of $18 and the prices of X and Y are $2 and $4 respectively Units of X TUMUMU /S Units of Y TUMU MU /S 20 48 2 38 2 88 120 144 160 168 7 3 54 3 4 68 4 5 80 90 98 172 FIND: 1- The consumer maximize utility by purchasing If the consumer income changed to $26-2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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