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Kaevyn04 Kaevyn04
wrote...
Posts: 353
7 months ago

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.
Textbook 

Economics Today: The Micro View


Edition: 19th
Author:
Read 26 times
1 Reply
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Answer verified by a subject expert
DoggggDogggg
wrote...
Posts: 327
7 months ago
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Answer 1

Hillary: -10; Bill: 10

Answer 2

the total level of utility is as high as possible.
1

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