The table below shows total utility for two products. Suppose that the price for product A is $5 and the price for product B is $5. Number of product A Total Utility for A Number of product B Total Utility for B 0 0 0 0 1 140 1 180 2 260 2 340 3 360 3 460 4 440 4 520 5 500 5 540 Given this data, complete the table below: Quantity of A Marginal Utility for A Marginal Utility for A per dollar Quantity of B Marginal Utility for B Marginal Utility for B per dollar 0 0 1 1 2 2 3 3 4 4 5 5
The table below shows total utility for two products. Suppose that the price for product A is $5 and the price for product B is $5. Number of product A Total Utility for A Number of product B Total Utility for B 0 0 0 0 1 140 1 180 2 260 2 340 3 360 3 460 4 440 4 520 5 500 5 540 Given this data, complete the table below: Quantity of A Marginal Utility for A Marginal Utility for A per dollar Quantity of B Marginal Utility for B Marginal Utility for B per dollar 0 0 1 1 2 2 3 3 4 4 5 5
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Question
The table below shows total utility for two products. Suppose that the price for product A is $5 and the price for product B is $5.
Number of product A |
Total Utility for A |
Number of product B |
Total Utility for B |
0 |
0 |
0 |
0 |
1 |
140 |
1 |
180 |
2 |
260 |
2 |
340 |
3 |
360 |
3 |
460 |
4 |
440 |
4 |
520 |
5 |
500 |
5 |
540 |
Given this data, complete the table below:
Quantity of A |
|
Marginal Utility for A per dollar |
Quantity of B |
Marginal Utility for B |
Marginal Utility for B per dollar |
0 |
|
|
0 |
|
|
1 |
|
|
1 |
|
|
2 |
|
|
2 |
|
|
3 |
|
|
3 |
|
|
4 |
|
|
4 |
|
|
5 |
|
|
5 |
|
|
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