Give me correct answer with calculation and full explanation otherwise i give downvoteNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Show answer choicesA 5 units of J and 2 units of K.Ⓑ 5 unit of J and 4 units of K.4 units of J and 3 unit of K2 units of J and 3 units of K. Answer the question on the basis of the following twoschedules, which show the amounts of additionalsatisfaction (marginal utility) that a consumer would getfrom successive quantities of products J and K.Units ofUnits ofMUjMUJK15613223452483322322832442445205616622220121071278If the consumer has money income of $28 and the prices ofJ was $4 and K $4, the consumer will maximize their utilityby purchasing

Utility is the satisfying power of a commodity. The consumers maximise utility by purchasing goods.…

Answered: Show answer choices 5 units of J and 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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Give me correct answer with calculation and full explanation otherwise i give downvote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Show answer choices
A 5 units of J and 2 units of K.
Ⓑ 5 unit of J and 4 units of K.
4 units of J and 3 unit of K
2 units of J and 3 units of K.

Answer the question on the basis of the following two
schedules, which show the amounts of additional
satisfaction (marginal utility) that a consumer would get
from successive quantities of products J and K.
Units of
Units of
MUj
MU
J
K
1
56
1
32
2345
2
48
3
32
23
2
28
3
24
4
24
4
5
20
5
6
16
6
222
20
12
10
7
12
7
8
If the consumer has money income of $28 and the prices of
J was $4 and K $4, the consumer will maximize their utility
by purchasing

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