Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that Ms. Thomson: Group of answer choices considers A and B to be complementary goods. has preferences that are at odds with the principle of diminishing marginal utility. should buy less B and more A. should buy less A and more B.

should buy less B and more A.

Explanation:

Price of good A, PA = $2

Price of good B, PB = $4

The marginal utility on the last unit of A, MUA is given as 16

The marginal utility on the last unit of B, MUB is given as 24

Then, the marginal utility on the last dollar spent on A will be:

= MUA/PA

= 16/2

= 8

The marginal utility on the last dollar spent on B will be:

= MUB/PB

= 24/4

= 6

Based in the above calculation, Thomson should buy less B and more A as the marginal utility on the last dollar that is spent on A is more than that of B.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"