Suppose that the price of a bag is $50 and the price of a calculator increases from $25 to $50 and Susan's budget is $200. Bundle of bags and calculators Susan can purchase Bags Calculators A 4 B 1 3 2 2 D 3 E 4 Refer to a table above. Bundle maximizes Susan's total utility, which is

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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4
Susan's Total Utility for Bags and Calculators
Bag
Total Utility for bag
Calculator
Total Utility for Calculator
1
10
1
8
2
18
15
3
24
3
20
4
28
4
23
30
5
24
30
6
23
28
7
20
8
24
8
15
Suppose that the price of a bag is $50 and the price of a calculator increases from $25 to $50 and Susan's budget is $200.
Bundle of bags and calculators Susan can purchase
Bags
Calculators
A
4
B
1
3
2
D
3
1
4
Refer to a table above. Bundle
maximizes Susan's total utility, which is
O E: 28
O B: 30
O C: 33
O D: 32
E.
Transcribed Image Text:Susan's Total Utility for Bags and Calculators Bag Total Utility for bag Calculator Total Utility for Calculator 1 10 1 8 2 18 15 3 24 3 20 4 28 4 23 30 5 24 30 6 23 28 7 20 8 24 8 15 Suppose that the price of a bag is $50 and the price of a calculator increases from $25 to $50 and Susan's budget is $200. Bundle of bags and calculators Susan can purchase Bags Calculators A 4 B 1 3 2 D 3 1 4 Refer to a table above. Bundle maximizes Susan's total utility, which is O E: 28 O B: 30 O C: 33 O D: 32 E.
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