11. Product A cost $20 product B cost $36 marginal utility for the first unit of

Question

11. Product A cost $20 product B cost $36 marginal utility for the first unit of A is 144 and the marginal utility from the first unit of B is 180 what should this consumer do to maximize utility A) Buy one unit of both product A and B B) Buy one unit of product A C) Buy one unit of product B D) Buy two units of product A E) None of the above 12. Given question eleven if the marginal utility from the second unit of product A is 120 and the marginal utility from the second unit of product B is 168 what should this consumer do to maximize utility A) Buy the first unit of product A B) Buy the first unit of product B C) Buy the second unit of product A D) Buy the second unit of product B E) None of the above 13. Given your response to both question eleven and twelve this consumers total utility is A) 264 B) 348 C) 120 D) 144 E) None of the above 14. Given your response to both questions eleven and twelve the marginal utility gained from the first to the second purchase is A) 24 B) 144 C) 120 D) 180 E) 168

Explanation / Answer

11. B) Buy one unit of product A............................................12. A) Buy the first unit of product A ..........................................13 144+180= 324 so E) None of the above............................................ ............ ......... 14. B) 144............

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