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L. A consumer has an income of $24 to spend each day. The only two goods the consumer is interested in purchasing are goods A

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L. A consumer has an income of $24 to spend each day. The only two goods the consumer is interested in purchasing are goods A and B. The marginal-utility schedules for these two goods are shown in the table below. The price of B does not change and is $2. The marginal utility per dollar from B is also shown in the table. But the price of A varies as shown in the table. The marginal utility per dollar from A when the price of A is $8, $4, and $2 is shown in the table. Good A Good B Quantity MU MU/$8 MU/$4 MU/$2 MU MU/$2 48 32 24 16 - NWAO 12 24 24 16 15 12 12 8 8 Complete the table below to show how much of A the consumer will buy each week at each of the three possible prices of A. Also, show how much B will be demanded when the price of A changes. Quantity of A Quantity of B Price of A demanded Price of B demanded $8.00 $2.00 A. m. HoROW 4.00 2.00 2.00 2.00

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