Assume that utility can be measured in rupees. From the utility schedule, find how many
cakes the consumer would consume at the price of ` 9 per cake:
Cakes. 1 2 3 4 5
Total Utility 30 45 54 59 59
(a) 4 (b) 3 (c) 2 (d) 5
Answers
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Answer:
I THINK A IS THE CORRECT ANSWER PLZ MAKE ME BRAINLEST
Answered by
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Answer:
(c) 2
Explanation:
Cakes Price MU Relation
1 9 30 MU > Price
2 18 15 MU > Price (most probable)
3 27 9 MU < Price
4 36 5 MU < Price
5 45 0 MU < Price
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