Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Mr. Max is about to purchase 4 units of good A and 6 units of good B. The price of both A and B is $2. Mr. Max has only $20 to spend. If the marginal utility of the fourth unit of A is 12 and the marginal utility of the sixth unit of B is 12, then:
A) he should not buy anything.
B) he should buy more of A and less of B.
C) he should buy less of A and more of B.
D) he should buy A and B in the quantities indicated.
E) he should buy more of A and little more than that of B.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Scenario 5.1<br>The demand for noodles is given
Q3: The table below shows the total utility
Q4: The table below shows the total utility
Q5: The below table shows the average utility
Q6: The below figure shows the various combinations
Q7: The below indifference map shows the various
Q8: The table below shows the total utility
Q9: The figure given below represents two indifference
Q10: The table given below records the total
Q11: The below figure shows the various combinations