Multiple Choice
Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K. What level of total utility is realized from the equilibrium combination of J and K, if the consumer has a money income of $26 and the prices of J and K are $8 and $2, respectively?
A) 190 utils
B) 168 utils
C) 220 utils
D) 60 utils
Correct Answer:

Verified
Correct Answer:
Verified
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