Mathematics, 04.03.2020 01:53 kirinaallison
Given the following: zA = 20 - 3x zB = 18 - 2y, where z is marginal utility per dollar spent, x is the amount spent on product A, and y is the amount spent on product B. Assume that the consumer has $14 to spend on A and B—that is: x + y = $14.
Instructions: Enter your answers as whole numbers.
a. How is the $14 best allocated between A and B?
$ on A.
$ on B.
b. How much utility will the marginal dollar yield? utils.
Answers: 1
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Given the following: zA = 20 - 3x zB = 18 - 2y, where z is marginal utility per dollar spent, x is t...
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