1. Assume the marginal utility of good A is 4 utile and its price is $2, and the marginal u

1.  Assume the marginal utility of good A is 4 utile and its price is $2, and the marginal utility of good B is 6 utile and its price is $1. Is the individual consumer maximizing (total) utility if she spends a total of $3 by buying one unit of each good? If not, how can more utility be obtained?

2.  Individuals who buy second homes usually spend less for them than they do for their first homes. Why is this the case?

3.  Describe five everyday examples of you or someone else making an interpersonal utility comparison.

 

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

The post 1. Assume the marginal utility of good A is 4 utile and its price is $2, and the marginal u appeared first on Affordable Nursing Writers.