The table shows the marginal-utility schedules for Goods A and B for a hypothetical consumer. The price of Good A is $1, and the price of Good B is $2. The income of the consumer is $8. Good A Good B Quantity MUA Quantity MUB 1 10 1 16 2 9 2 14 3 8 3 12 4 7 4 10 5 6 5 8 6 5 6 6 7 4 7 4 If the price of B falls to $1, while the price of A and the consumer's income stay the same, what would be the utility- maximizing combination of Goods A and B? Multiple Choice О 2 A and 6 B
The table shows the marginal-utility schedules for Goods A and B for a hypothetical consumer. The price of Good A is $1, and the price of Good B is $2. The income of the consumer is $8. Good A Good B Quantity MUA Quantity MUB 1 10 1 16 2 9 2 14 3 8 3 12 4 7 4 10 5 6 5 8 6 5 6 6 7 4 7 4 If the price of B falls to $1, while the price of A and the consumer's income stay the same, what would be the utility- maximizing combination of Goods A and B? Multiple Choice О 2 A and 6 B
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 6SQP
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![The table shows the marginal-utility schedules for Goods A and B
for a hypothetical consumer. The price of Good A is $1, and the
price of Good B is $2. The income of the consumer is $8.
Good A
Good B
Quantity MUA Quantity
MUB
1
10
1
16
2
9
2
14
3
8
3
12
4
7
4
10
5
6
5
8
6
5
6
6
7
4
7
4
If the price of B falls to $1, while the price of A and the
consumer's income stay the same, what would be the utility-
maximizing combination of Goods A and B?
Multiple Choice
О
2 A and 6 B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fc87ee4-c317-4960-94ce-a69c74dc736f%2Fb53ac1bb-aafb-4829-9ea7-7b6f09a3a6e4%2Fokq8zm_processed.png&w=3840&q=75)
Transcribed Image Text:The table shows the marginal-utility schedules for Goods A and B
for a hypothetical consumer. The price of Good A is $1, and the
price of Good B is $2. The income of the consumer is $8.
Good A
Good B
Quantity MUA Quantity
MUB
1
10
1
16
2
9
2
14
3
8
3
12
4
7
4
10
5
6
5
8
6
5
6
6
7
4
7
4
If the price of B falls to $1, while the price of A and the
consumer's income stay the same, what would be the utility-
maximizing combination of Goods A and B?
Multiple Choice
О
2 A and 6 B
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