Title: Consumers are most satisfied when Post by: Kaevyn04 on Mar 3, 2019 Question 1. Refer to the above table. What is the marginal utility for the 10th unit for Hillary and for Bill? • Hillary: 10; Bill 10 • Hillary: -10; Bill: 10 • Hillary: 0; Bill: 0 • Hillary: 220; Bill 450 Question 2. Consumers are most satisfied when• the total level of utility is as high as possible. • they save more than they spend. • goods are bought "on sale." • all of their income has been saved. Title: Consumers are most satisfied when Post by: Dogggg on Mar 3, 2019 Content hidden
|