ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Please sir provide the answer of last part of the question (part-d) 

1. A consumer consuming two commodities A
and B, has a total income of 16birr with price A
and B were 1birr and 4birr respectively
Given the following table
Q 1234 5678
TUA 30 55 75 90 100 100 90 75
TUB 100 180 240 280 300 300 280 260
a. Calculate marginal utility for good A and B
b.
Draw the marginal and total utility for
commodity A and show the relationship between
them.
C. How many units of A and B should be
consumed to maximize utility
d. Calculate the total utility at optimal choice
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Transcribed Image Text:1. A consumer consuming two commodities A and B, has a total income of 16birr with price A and B were 1birr and 4birr respectively Given the following table Q 1234 5678 TUA 30 55 75 90 100 100 90 75 TUB 100 180 240 280 300 300 280 260 a. Calculate marginal utility for good A and B b. Draw the marginal and total utility for commodity A and show the relationship between them. C. How many units of A and B should be consumed to maximize utility d. Calculate the total utility at optimal choice
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