uppose that the price of good A and Good B are birr 3and birr 2 respectively suppose aconsumer is spending his entire income for buying 4 units of A and 6 unit of B,and the marignal utility of both 4th unit of A and 6th unit of B is 6, is the consumer at his optimal position?
uppose that the price of good A and Good B are birr 3and birr 2 respectively suppose aconsumer is spending his entire income for buying 4 units of A and 6 unit of B,and the marignal utility of both 4th unit of A and 6th unit of B is 6, is the consumer at his optimal position?
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 3WNG
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Suppose that the price of good A and Good B are birr 3and birr 2 respectively suppose aconsumer is spending his entire income for buying 4 units of A and 6 unit of B,and the marignal utility of both 4th unit of A and 6th unit of B is 6, is the consumer at his optimal position?
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