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Chapter 7. Homework A Saved Help Save & Exit Submit 13 The following table shows the amounts of additional satisfaction (marginal utility) that Ross would

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Chapter 7. Homework A Saved Help Save & Exit Submit 13 The following table shows the amounts of additional satisfaction (marginal utility) that Ross would get from consuming successive quantities of products A and B. Fill in the MU/P column for each product. Instructions: Enter your answers rounded to one decimal place. 10 points Price of Good A = $6 Price of Good B = $4 B = Skipped Units of Good A MU of Good A, utils MU/P for A Units of Good B MU of Good B, utils MU/P for B eBook 1 54 1 32 2 48 2 28 Print 3 42 3 24 References 4 33 4 20 5 30 5 16 6 24 6 14 7 18 7 8 If Ross has an income of $56, how many units of each good will he purchase to maximize his utility? Instructions: Enter your answers as a whole number. 7. itlaland A Chapter 7. Homework A A Saved Help Save & Exit Sul 4 33 4 20 5 30 5 16 13 6 24 6 14 7 18 7 8 10 points Skipped If Ross has an income of $56, how many units of each good will he purchase to maximize his utility? Instructions: Enter your answers as a whole number. eBook Print unit(s) of good A References unit(s) of good B Now suppose the price of good Arises. If he still has $56 to spend, then to maximize his utility, Ross should purchase: O less of good A and more of good B. O more of good A. O more of good A and the same quantity of good B. O more of good A and less of good B

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