Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products G and H. MUG 36 33 Units of G 1 2 3 4 5 6 7 Multiple Choice O O 27 21 18 12 6 O 4 What level of total utility is realized from the equilibrium combination of G and H, if the consumer has a money income of $29 and the prices of G and H are $3 and $5, respectively? 293 utils 324 utils 336 utils Units of H 1 2 3 72 utils 4 5 6 7 MUH 70 60 55 45 30 25 15

Microeconomics A Contemporary Intro
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Author:MCEACHERN
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Chapter6: Consumer Choice And Demand
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Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products G and H.
MUG
36
33
27
21
18
12
6
Units of G
1
2
3
4
5
6
7
Multiple Choice
O
A
What level of total utility is realized from the equilibrium combination of G and H, if the consumer has a money income of $29 and the prices of G and H are $3 and $5, respectively?
293 utils
324 utils
336 utils
Units of H
1
2
72 utils
3
4
5
6
7
MUH
70
60
55
45
30
25
15
Transcribed Image Text:Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products G and H. MUG 36 33 27 21 18 12 6 Units of G 1 2 3 4 5 6 7 Multiple Choice O A What level of total utility is realized from the equilibrium combination of G and H, if the consumer has a money income of $29 and the prices of G and H are $3 and $5, respectively? 293 utils 324 utils 336 utils Units of H 1 2 72 utils 3 4 5 6 7 MUH 70 60 55 45 30 25 15
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