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The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $2, and the price
The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $2, and the price of good B is $4. The income of the consumer is $10.
Good A Good B
Quantity MUA Quantity MUB
1 10 1 16
2 9 2 14
3 8 3 12
4 7 4 10
5 6 5 8
6 5 6 6
7 4 7 4
If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?
Multiple Choice
- 24 utils per dollar
- 4 utils per dollar
- 3 utils per dollar
- 2 utils per dollar
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