QUESTION 6: 1 POINT Marginal Utility per Dollar |Quantity of Total Marginal Product A Utility Marginal Utility per Quantity of Total Marginal Product B Utility Marginal Utility per Utility Utility Dollar Dollar 1 30 30 ? 1 34 34 57 27 ? 2 66 32 ? 3 81 24 ? 3 96 30 ? 4 102 21 ? 4 124 28 ? 5 120 18 5 150 26 135 15 6. 174 24 ? 7 147 12 ? 7 196 22 ? Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Product B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $60. How many units of Product B do you tell Amanda to purchase?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Problem 1QTC
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QUESTION 6
1 POINT
Marginal Utility per Dollar
Quantity of Total Marginal
Product A Utility
Marginal
Utility per
Quantity of Total Marginal
Product B Utility
Marginal
Utility per
Utility
Utility
Dollar
Dollar
1
30
30
1
34
34
?
57
27
66
32
?
3
81
24
?
3
96
30
?
4
102
21
?
4
124
28
5
120
18
?
5
150
26
?
6.
135
15
?
6.
174
24
?
7
147
12
?
7
196
22
?
Your buddy Amanda wants your advice. She presents you with the utility schedule above
and wants to know how many units of Product B she should purchase to maximize her
utility. She tells you the price of Product A is $6 and the price of Product B is $10.
Amanda informs you she only wants to spend $60.
How many units of Product B do you tell Amanda to purchase?
Transcribed Image Text:QUESTION 6 1 POINT Marginal Utility per Dollar Quantity of Total Marginal Product A Utility Marginal Utility per Quantity of Total Marginal Product B Utility Marginal Utility per Utility Utility Dollar Dollar 1 30 30 1 34 34 ? 57 27 66 32 ? 3 81 24 ? 3 96 30 ? 4 102 21 ? 4 124 28 5 120 18 ? 5 150 26 ? 6. 135 15 ? 6. 174 24 ? 7 147 12 ? 7 196 22 ? Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Product B she should purchase to maximize her utility. She tells you the price of Product A is $6 and the price of Product B is $10. Amanda informs you she only wants to spend $60. How many units of Product B do you tell Amanda to purchase?
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