3 Lisa plans to brighten up her street level co op in New York with house plants and framed prints The total utility she derives from plants and prints is as follows Suppose the price of plants is $40 and the price of prints is $20 The marginal utility per dollar spent on the fourth print is a $6 0...

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3. Lisa plans to brighten up her street-level co-op in New York with house plants and framed...

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3. Lisa plans to brighten up her street-level co-op in New York with house plants and framed prints.

The total utility she derives from plants and prints is as follows:

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Suppose the price of plants is $40 and the price of prints is $20. The marginal utility per dollar spent on the fourth print is

a. $6.00.

b. $10.00.

c. $1.00.

d. $0.80.

e. $0.50.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 08, 2024 02:00 AM

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3. Lisa plans to brighten up her street-level co-op in New York with house plants and framed...

Question:

NUMBER OF PLANTS TOTAL UTILITY OF PLANTS NUMBER OF PRINTS TOTAL UTILITY OF PRINTS 1 120 20 2 200 2 36 3 264 3 50 4 304 4 60 5 334 5 68 6 360 6 74

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Principles Of Microeconomics

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