What is marginal utility of each of goods mary purchasing

Reference no: EM13245943

Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.
a)If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?
b)If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?

Reference no: EM13245943

Questions Cloud

How would you go about resolving the issue of poor country : For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality

The efficiency of market organization is dependent on which : Both the buyers and sellers of good x, and the distribution of the benefits will be dependent on the elasticity of demand and the elasticity of supply.

What is the linear velocity of the club head : During a golf drive, the angular velocity of the driver is 20 rad/s just before impact with the golf ball. If the distance from the club head to the axis of rotation is 2.0 m

Find the electric potential energy of three-particle system : A proton, an electron, and an alpha particle (of charge +2e) form an equilateral triangle of side length 2.19×10-10 m. What is the electric potential energy of the three-particle system

What is marginal utility of each of goods mary purchasing : Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2. a)If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5

What assumptions must be made for the test to be valid : Can the company conclude that the mean kilo of product treated in one hour by this machine is more than 15,000? Use a 5% level of significance.

What is the speed of the electrons : Electrons in a television's CRT are accelerated from rest by an electric field through a potential difference of 2.9 kV, What is the speed of the electrons

Estimate for the mean amount per customer : Give a point estimate for the mean amount per customer spent at the supermarket and give a 99% confidence interval estimate for the mean amount per customer spent at the supermarket.

Explain why a currency depreciation leads to an improvement : For few months, prior to your vacation trip to France, you find that the exchange rate for your U.S. dollar has increased relative to the Euro. If you were a U.S. citizen or resident, are you pleased.

User Account

All Pages