QUESTION 16 The table given below reports the total utility derived by an indivi
ID: 1193254 • Letter: Q
Question
QUESTION 16
The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.
Table 7.4
Quantity
Total utility from A
Total utility from B
Total utility from C
($1.20 per unit)
($0.80 per unit)
($0.40 per unit)
1
85
70
55
2
157
133
103
3
217
188
145
4
266
235
178
5
299
275
205
6
315
310
225
7
319
341
239
Refer to Table 7.4. With an income of $10, the consumer would maximize utility by purchasing _____.
2 units of good A, 6 units of good B, and 7 units of good C
3 units of good A, 5 units of good B, and 6 units of good C
3 units of good A, 6 units of good B, and 4 units of good C
6 units of good A, 0 units of good B, and 7 units of good C
7 units of good A, 7 units of good B, and 7 units of good C
Quantity
Total utility from A
Total utility from B
Total utility from C
($1.20 per unit)
($0.80 per unit)
($0.40 per unit)
1
85
70
55
2
157
133
103
3
217
188
145
4
266
235
178
5
299
275
205
6
315
310
225
7
319
341
239
Explanation / Answer
b. 3 units of good A, 5 units of good B, and 6 units of good C
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