Mathematics, 13.02.2020 22:38, leannaadrian
A) For the utility function above, if the price of the good is $4, what is the Marginal Utility per Dollar for the fourth unit consumed?
utils.
b) For the utility function above, if the price of the good is $2, what is the Marginal Utility per Dollar for the second unit consumed?
utils.
c) Would a rational consumer consume the eighth unit if it was free?
Answers: 2
Mathematics, 22.06.2019 00:30, Delgadojacky0206
The water company charges a residential customer $41 for the first 3,000 gallons of water used and $1 for every 200 gallons used over 3000 gallons. if the water bill was $58 how many gallons of water were usedanswersa 3400 gallonsb 6000 gallonsc 6400 gallons d 7000 gallons
Answers: 2
A) For the utility function above, if the price of the good is $4, what is the Marginal Utility per...
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