Jessica has an income of $216 and she is buying apple cider and books. Apple cider is $8 per unit and books are $24 each. The following table shows her marginal utility per dollar spent. Which of the bundles will maximize her total utility? Enter the letter of the bundle only. Bundle Q(A) MU/$(A) Q(B) MU/$(B) 9. 6.13 5.13 8 5.38 5.21 7. 4.63 5.29 9. 6. 3.88 5.38 12 3.13 5.46 15 4. 2.38 5.54 18 3 1.63 5.63 H. 21 0.88 5.71 24 1 0.13 5.79 27

Jessica has an income of $216 and she is buying apple cider and books. Apple cider is $8 per unit and books are $24 each. The following table shows her marginal utility per dollar spent. Which of the bundles will maximize her total utility? Enter the letter of the bundle only. Bundle Q(A) MU/$(A) Q(B) MU/$(B) 9. 6.13 5.13 8 5.38 5.21 7. 4.63 5.29 9. 6. 3.88 5.38 12 3.13 5.46 15 4. 2.38 5.54 18 3 1.63 5.63 H. 21 0.88 5.71 24 1 0.13 5.79 27

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 1QP

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