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5 Which of the following is correcr rginal and total utility a prod

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5. Which of the following is correcr? rginal and total utility
a product A. There is no firm relationship between
additional unit of B. Total utility is equal to the change in
marginal utility from consuming an will increase. C. If
marginal utility is and is positive amount, diminishing m D.
If marginal utility is diminishing. utility must also be who is
spending all her 6. Suppose that MU P, exceeds MUMP,
To maximize utility the consumer income should buy: A.
less of X only if its price rises. B. more of Y only if its price
rises. C. more of Y and less of X. D. more of X and less of
Y amounts Answer the next question(s) on the basis of the
following two schedules which show the satisfaction
marginal utility) which a would get from successive
quantities of products Units Units of MU 32 4 20 6 10 6 16
12 7. Refer to the above data. If the consumer has a
money income of s52 and the prices of ar respectively, the
consumer will maximize her utility by purchasing: A. 2 units
of J and 7 units of K. B. 5 units of J and 5 units of K. C. 4
units of J and 5 units of K. D. 6 units of J and 3 units of K.
8. Refer to the above data. What level of total utility is
realized from the equilibrium com the consumer has a
money income of $52 and the prices of J and K are $8 and
$4 respec A. 156 utils B. 124 utils C. 276 utils D. 36 utils
9. Refer to the above data. If the consumer s money
income were cut from $52 to $2 remain at $8 and $4
respectively, she would maximize her satisfaction by
purchasin A, 3 units of Jand 3 units of K. B, 1 unit of J and
3 units of K. C, 4 units of and 1 unit of K. D, 2 units of J
and 3 units of K.
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5. Which of the following is correcr? rginal and total utility a product A. There is no firm relationship between additional unit of B. Total utility is equal to the change in marginal utility from consuming an will increase. C. If marginal utility is and is positive amount, diminishing m D. If marginal utility is diminishing. utility must also be who is spending all her 6. Suppose that MU P, exceeds MUMP, To maximize utility the consumer income should buy: A. less of X only if its price rises. B. more of Y only if its price rises. C. more of Y and less of X. D. more of X and less of Y amounts ...
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