subject
Business, 22.06.2021 23:50 kingkuka1700

Extra Credit 2 Points -- Assume that an individual consumes three goods, X, Y, and Z. The marginal utility (assumed measurable) of each good is independent of the rate of consumption of other goods. The prices of X, Y, and Z are, respectively, $8, $9, and $10. The total income of the consumer is $144, and the marginal utility schedule is as follows: (answer only one part - a, b, or c) Units of good Marginal utility of X Marginal utility of Y Marginal utility of Z 1 50 36 120 2 45 33 100 3 40 30 80 4 35 27 60 5 30 24 40 6 24 21 30 7 20 18 25 8 8 15 20 9 5 12 15 10 2 9 10 a. Given a $144 income, how much of each good should the consumer purchase to maximize utility

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:20
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
question
Business, 22.06.2019 14:00
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
question
Business, 22.06.2019 16:30
Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income
Answers: 1
question
Business, 22.06.2019 19:40
When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?
Answers: 1
You know the right answer?
Extra Credit 2 Points -- Assume that an individual consumes three goods, X, Y, and Z. The marginal u...
Questions
question
Mathematics, 24.09.2020 18:01
Questions on the website: 13722362