Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
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Apples
Oranges
Units
Total Utility
Units
Total Utility
0
0
0
0
1
15
1
2
28
20
32
2
39
3
4
48
48
5
55
22
22
41
41
50
58
4
73
73
500
85
Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is
$1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods?
14
12
16
15
Transcribed Image Text:Apples Oranges Units Total Utility Units Total Utility 0 0 0 0 1 15 1 2 28 20 32 2 39 3 4 48 48 5 55 22 22 41 41 50 58 4 73 73 500 85 Refer to the above table. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, what is Linda's marginal utility per dollar when consuming the optimal bundle of goods? 14 12 16 15
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