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The Table Shows the Marginal-Utility Schedules for Goods a and B

question 216

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The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8.   If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good B consumed? A) 14 utils per dollar B) 7 utils per dollar C) 9 utils per dollar D) 2 utils per dollar If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good B consumed?


Definitions:

Patrilineal

Relating to a societal system where lineage, inheritance, and social identity are primarily traced through the father's line.

Network of Relatives

The complex system of relationships among members of an extended family, including immediate family, cousins, in-laws, and other kin.

Rights and Obligations

Legal and moral entitlements that individuals have in society, alongside duties or actions they are expected to perform or abstain from.

Formally Established

Recognized or constituted by relevant authorities or according to proper procedure.

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