Multiple Choice
The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. 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 B consumed?
A) 14 utils per dollar
B) 7 utils per dollar
C) 9 utils per dollar
D) 2 utils per dollar
Correct Answer:

Verified
Correct Answer:
Verified
Q211: Understanding the water and diamond paradox is
Q212: A product has utility if it<br>A)takes more
Q213: The table shows an indifference schedule for
Q214: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q215: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q217: The limited money income of consumers results
Q218: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Consider the diagram,
Q219: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q220: A child is given $5.20 of pocket
Q221: If a product has a diminishing, but