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wrote...
Posts: 165
3 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.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
Posts: 206
3 months ago
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Answer 1

Hillary: -10; Bill: 10

Answer 2

the total level of utility is as high as possible.
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