Krugman's Economics For The Ap® Course
Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
Question
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Chapter 9R, Problem 22MCQ
To determine

The result if Jill chooses her option consumption bundle with video games that cost $0.50 and ball toss that costs $2 and she has $10.50 to spend.

Expert Solution & Answer
Check Mark

Explanation of Solution

If Jill chooses her optional consumption which is $10.50 and is more than from $6 her spending then her total utility will be 280 because she can achieve this marginal utility with her spending.

Therefore, the option d is correct.

Economics Concept Introduction

Introduction:

Marginal utility refers to the benefit that is gained by consuming one additional source or unit of any commodity.

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