Microecon hw 3 - Broedy Field Oct 6 2019 Chapter 7 6 The consumer isn't using all the ultity She can fully use all of it if she buys less of utility A

# Microecon hw 3 - Broedy Field Oct 6 2019 Chapter 7 6 The...

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Broedy Field Oct. 6, 2019 Chapter 7 6.) The consumer isn't using all the ultity. She can fully use all of it if she buys less of utility A and buys more of utility B since you receive more utility from B than you do A. 7.) It mostly comes down to the marginal utility, since the second home won't be as great as the first with furniture and things like that. So since that's the case the consumers want to pay less since the marginal utility will be less. 9.) yes because consumers want to maximize and get the most out of their utility from the good they purchase and how much money they spend. People will buy more if the product reflects their diminishing marginal utility 2.) A.) 9 B.) 26 C.) 7 D.) 6 3.) 26 Utils 4.) 4 units of good Y and 3 units of good X 5.) total is 53 Chapter 8 4.) It's like the example you used in class. Say your GPA is a 3.5. If you get a 4.0 that