The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22. Units of S 1 2 3 4 S BAREN P $4 3 Od 3 14 Total Utility 12 27 39 48 51 Multiple Choice Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range (ə) (c) () P $4 3 option C colian B aption A (b) SORD Od 3 5 Units of T Total Utility 1 2 3 P $4 3 4 5 Od 2 3 P 34 3 20 35 45 50 52 Rd 2 4

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22.
Total Utility
Units of S
1
12
2
27
3
ºd
$43
3
43
Multiple Cheice
P
$4
Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range
(ə)
(c)
()
P Ra
$42
3
14
option C
option E
eption A
(b)
PARE
39
48
51
Od
3
5
Units of T
1
2
P
54
3
ROAD
રત
2
3
Total Utility
20
35
45
50
52
CUIN
Transcribed Image Text:The table shows the total utility data for products S and T. Assume that the prices of S and T are $3 and $5, respectively, and that consumer Income is $22. Total Utility Units of S 1 12 2 27 3 ºd $43 3 43 Multiple Cheice P $4 Which of the following price-quantity schedules would represent the demand for S in the $3 and $4 price range (ə) (c) () P Ra $42 3 14 option C option E eption A (b) PARE 39 48 51 Od 3 5 Units of T 1 2 P 54 3 ROAD રત 2 3 Total Utility 20 35 45 50 52 CUIN
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