For a Consumer, the Marginal Utility of Good a Is

question 149

Essay

For a consumer, the marginal utility of good A is 25 and its price is $5. The marginal utility of good B is 60 and its price is $12. The consumer has allocated his entire budget. Is this consumer maximizing his total utility? Explain your answer.

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Definitions:

Gurgling Bowel Sounds

Sounds made by the movement of the intestines, often heard during physical examination, indicating various conditions of gut health.

Peritoneal Friction

A rubbing sound or sensation produced by the movement of organs against the peritoneum, often indicating inflammation or disease within the abdominal cavity.

Aortic Aneurysm

An abnormal bulge in the wall of the aorta, the main artery carrying blood from the heart to the body, which can lead to serious complications if ruptured.

Femoral Pulses

The pulsations felt over the femoral artery, typically in the groin, used to assess blood flow to the legs.