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Economics 151 Collier The following table represents the marginal utility of various goods (W', X, Y, Z} to a particular consumer. If 1this consumer has
Economics 151 Collier The following table represents the marginal utility of various goods (W', X, Y, Z} to a particular consumer. If 1this consumer has an income of $100., how much of each good will he consume if the price of each good is as follows: Case 1 Good Price Quantity Consumed Income spent on the good W $10 X $25 Y $20 4 $100 The consumer's total utility wl he: Ma inol Utili in terms 0 mils m __------_-- 1 2 3 4 5 6 7 8
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