Table marginal utility per dollar according to data

Info icon This preview shows pages 3–6. Sign up to view the full content.

View Full Document Right Arrow Icon
1. (Table: Marginal Utility per Dollar) According to data in the accompanying table, if the price of clams is $3 per pound, while the price of potatoes is $1 per pound, and this consumer has $9 to spend on potatoes and clams, then the utility-maximizing combination is _____ pounds of clams and _____ pounds of potatoes. A) 1; 6 B) 2; 3 C) 2; 2 D) 0; 9
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon