Answered: Show answer choices 5 units of J and 2…

Show answer choices 5 units of J and 2 units of K. B 5 unit of J and 4 units of K. 4 units of J and 3 unit of K 2 units of J and 3 units of K.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 6SQP

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Show answer choices
A 5 units of J and 2 units of K.
Ⓑ 5 unit of J and 4 units of K.
4 units of J and 3 unit of K
2 units of J and 3 units of K.

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.
Units of
Units of
MUj
MU
J
K
1
56
1
32
2345
2
48
3
32
23
2
28
3
24
4
24
4
5
20
5
6
16
6
222
20
12
10
7
12
7
8
If the consumer has money income of $28 and the prices of
J was $4 and K $4, the consumer will maximize their utility
by purchasing

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