Business, 24.03.2021 01:00 lokiliddel
3. Columns 1 through 3 in the table below show the marginal utility which a particular consumer would
get by purchasing various quantities of products A, B, and C.
(1) (2) (3)
Marginal Marginal Marginal
product utility, A utility, B utility C
Unit of
First
18
39
12
Second
16
36
10
Third
14
33
9
Fourth
12
30
8
Fifth
10
27
7
8
24
Sixth
5
Seventh
6
21
الميا
If the prices of A, B, and C are $2, $3, and $1, respectively, and the consumer has $32 to spend on
these three products, what combination of the three products should be purchased in order to
maximize utility? Show all work to receive credit.
Answers: 2
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3. Columns 1 through 3 in the table below show the marginal utility which a particular consumer woul...
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