Question
The following gives the marginal utility of Johns consumption of three goods A, B, and C. Goods A, and Band C costs ksh2, ksh1, and
The following gives the marginal utility of John’s consumption of three goods A, B, and C.
Goods A, and Band C costs ksh2, ksh1, and ksh3 respectively.
How many units of each good should a consumer take to maximize utility with an incomebof ksh12?
Units of Consumption 123456 Marginal utility of good A 20 18 16 14 12 10 Marginal utility of Marginal utility of good B good C 25 45 30 20 15 10 8 6 24 18 15 12
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Operations management processes and supply chain
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
9th edition
9788131728840, 136065767, 8131728846, 978-0136065760
