Question

The marginal utility schedule for good A and b are given. Price of the good is rupees 1 each and the income of ms.nidhi is assumed to be rupees 8 determine, how many units of both the commodities should be purchased by Nidhi to maximize her total utility. Also , calculate the total utility at the point of equilibrium. Quantity-1,2,3,4,5,6 and marginal utility of A (utils)-26,21,17,13,8,3
Marginal utility of B(utils)-11,9,8,6,4,2.

Answer 1

Answer:

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