Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-A ten-year-old boy spent his allowance on a soccer ball and a baseball glove. He said he could not be happier buying anything else. The price of the ball was $5, while the price of the glove was $10. If the marginal utility he received from the ball was 15 utils, then:
A) the marginal utility he received from expenditure on the glove was 3 utils.
B) the marginal utility he received from expenditure on the glove was 30 utils.
C) the total utility per dollar he received from expenditure on the glove was 3 utils.
D) the total utility per dollar he received from expenditure on the glove was 10 utils.
E) the marginal utility he received from the expenditure of the glove was 10 utils
Correct Answer:

Verified
Correct Answer:
Verified
Q98: Scenario 5.1<br>The demand for noodles is given
Q99: The below table shows the average utility
Q100: Scenario 5.1<br>The demand for noodles is given
Q101: The table below shows the total utility
Q102: The table given below depicts the total
Q104: The table below shows the total utility
Q105: Scenario 5.1<br>The demand for noodles is given
Q106: The below figure shows the various combinations
Q107: Scenario 5.1<br>The demand for noodles is given
Q108: Scenario 5.1<br>The demand for noodles is given