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 A consumed?
A) 14 utils per dollar
B) 7 utils per dollar
C) 8 utils per dollar
D) 4 utils per dollar
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Indifference curves and budget lines can be
Q51: Mary says, "You would have to pay
Q94: Noncash gift-giving involves value loss when the
Q112: Refer to the diagram, in which the
Q113: A consumer has two basic choices in
Q115: Suppose you have money income of $10,
Q116: After eating four slices of pizza, you
Q120: A consumer allocates all income between two
Q316: When total utility is at a maximum,
Q332: The income effect explains an exception to