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-Given the Data in the Above Table, Income of $13

Question 111

Multiple Choice

  -Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the marginal utility per dollar spent on water and on hamburgers when the consumer is in consumer equilibrium? A)  20 units of utility per dollar spent B)  10 units of utility per dollar spent C)  5 units of utility per dollar spent D)  1 unit of utility per dollar spent
-Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the marginal utility per dollar spent on water and on hamburgers when the consumer is in consumer equilibrium?


A) 20 units of utility per dollar spent
B) 10 units of utility per dollar spent
C) 5 units of utility per dollar spent
D) 1 unit of utility per dollar spent

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