Question
Use the following table to answer Budget= $9 Product A Price= $1 Product B Price=$3 UnitsMarginal Utility of AMU/$ of AUnitsMarginal Utility of BMU/$ of
Use the following table to answer
Budget= $9
Product A Price= $1
Product B Price=$3
UnitsMarginal Utility of AMU/$ of AUnitsMarginal Utility of BMU/$ of B
111127
29224
37318
45412
5356
1.Calculate the MU/$ for each product, then spend the budget. How much of each product does the buyer buy?
2.Draw the marginal utility for product A
3.Draw the total utility for product B
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
