Multiple Choice
Bjorn is a student with a monthly budget of $500,which he allocates between transportation services and "all other goods." Suppose the price of transportation is $5 per unit,and the price of "all other goods" is $20 per unit.The marginal utility he currently receives from his consumption of transportation services is 60.What is his marginal utility from the consumption of "all other goods" if he is maximizing his utility?
A) 200
B) 240
C) 5
D) 20
E) 25
Correct Answer:
Verified
Correct Answer:
Verified
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