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. Units of G MUG Units of H MUH 1 36 1 70 2 33 2 60 3 27 3 55 4 21 4 45 5 18 5 30 6 12 6 25 7 6 7 15 If the consumer has a budget of $29 and the prices of G and H are $3 and $5, respectively, the consumer will maximize their utility by purchasing   Multiple Choice 3 units of G and 4 units of H.  4 units of G and 2 units of H.    1 units of G and 5 units of H. 2 units of G and 5 units of H.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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.

Units of G MUG Units of H MUH
1 36 1 70
2 33 2 60
3 27 3 55
4 21 4 45
5 18 5 30
6 12 6 25
7 6 7 15

If the consumer has a budget of $29 and the prices of G and H are $3 and $5, respectively, the consumer will maximize their utility by purchasing

 

Multiple Choice
  • 3 units of G and 4 units of H.

  •  4 units of G and 2 units of H.

  •  

     1 units of G and 5 units of H.

  • 2 units of G and 5 units of H.

  •  
 
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