Business, 24.03.2021 23:10 datgamer13

Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K. Units of J MUj Units of K MUk
1 56 1 32
2 48 2 28
3 32 3 24
4 24 4 20
5 20 5 12
6 16 6 10
7 12 7 8
If the consumer's money income were cut from $52 to $28, and the prices of J and K remain at $8 and $4, respectively, she would maximize her satisfaction by purchasing:
a. 4 units of J and 5 units of K.
b. 6 units of J and 3 units of K.
c. 5 units of J and 5 units of K.
d. 2 units of J and 7 units of K.

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Answer the question on the basis of the following two schedules, which show the amounts of additiona...

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