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Q4 micro - Protected View - Saved to this PC- Bobby Simmons me Insert Draw Design Layout References Mailings Review View Help TED VIEW Be
Q4 micro - Protected View - Saved to this PC- Bobby Simmons me Insert Draw Design Layout References Mailings Review View Help TED VIEW Be careful-Files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protected View Enable Editing A consumer finds only three products, X, Y, and Z, are for sale. The amount of utility which their consumption will yield is shown in the table below. Assume that the prices of X, Y, and Z are $10,92, and $8, respectively. The consumer has an income of $74 to spend. Product X Product Y Product Z Marginal Marginal Utility Utility Marginal Utility Quantity Utility per $ Quantity Utility per $ Quantity Utility per $ 1 42 1 14 1 32 2 82 2. 26 2 60 3 118 3 36 3 84 148 4 44 4 100 5 170 5 50 5 110 182 6 54 6 116 7 182 7 56.4 7 120 12 words Focus Type here to search O a 2 files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 110 04 4 148 4 44 4 100 5 170 5 50 5 110 6 182 6 54 6 116 7 182 7 56.4 7 120 (a) Complete the table by computing ttie marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places. (b) How many units of X, Y, and Z will the consumer buy when maximizing utility and spending all income? (c) Why would the consumer not be maximizing utility by purchasing 2 units of X, 4 units of Y, and 1 unit of Z? D. Focus
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