The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $1. The income of the consumer is $11. Good AGood BQuantityMUAQuantityMUB110116292143831247410565865667474 If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed? Multiple Choice 11 utils per dollar 6 utils per dollar 106 utils per dollar 12 utils per dollar

Here, it is given that a consumer spends his income in such a manner that helps in to get maximum…

Answered: The table shows the marginal-utility…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $1. The income of the consumer is $11.

Good A	Good B
Quantity	MU_A	Quantity	MU_B
1	10	1	16
2	9	2	14
3	8	3	12
4	7	4	10
5	6	5	8
6	5	6	6
7	4	7	4

If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?

Multiple Choice

11 utils per dollar
6 utils per dollar
106 utils per dollar
12 utils per dollar

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