f the price of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on these three products, what combination of the three products should be purchased in order to maximize utility? Blank 1 units of the A good. Blank 2 units of the B good. Blank 3 units of the C good. The total utility of consuming five units of the B good is Blank 4 utils. The total utility of consuming three untis of the A good is Blank 5 utils.

f the price of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on these three products, what combination of the three products should be purchased in order to maximize utility? Blank 1 units of the A good. Blank 2 units of the B good. Blank 3 units of the C good. The total utility of consuming five units of the B good is Blank 4 utils. The total utility of consuming three untis of the A good is Blank 5 utils.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 1.3P

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