A man purchases 6 units of apple and 5 units of orange with his limited income of ₹11.He wants to attain maximum satisfaction. The total utility derived from first 5 units of apple is 88.If the utility derived from the 5th unit of orange is 4,
a)what will be the total utility derived from the first 6 units of apple and b)determine the total utility derived from the 5 units of orange if the total utility of both apple and orange sums up to 150.
(The price of an apple and an orange is ₹1 each).
Answers
Answered by
2
A man purchases 6 units of apple and 5 units of orange with his limited income of ₹11.He wants to attain maximum satisfaction. The total utility derived from first 5 units of apple is 88.If the utility derived from the 5th unit of orange is 4,
a)what will be the total utility derived from the first 6 units of apple and b)determine the total utility derived from the 5 units of orange if the total utility of both apple and orange sums up to 150.
(The price of an apple and an orange is ₹1 each).
Similar questions