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Would be nice if we had a thread to ask doubts about eco mcq questions. I'll start it off..if you think you know the answer please reply with it.
2 The schedule shows the total utility derived by a consumer of a good X at different levels of
consumption.
quantity of X consumed 1 2 3 4 5 6 7
total utility (units) 30 50 65 75 80 83 84
The consumer obtains three units of utility from the last $ she spends on each good that she
purchases.
What is the maximum number of units of X that she will consume if the price of X is $5?
A 3
B 4
C 5
D 6
Mark scheme says A. Does anyone know how?
2 The schedule shows the total utility derived by a consumer of a good X at different levels of
consumption.
quantity of X consumed 1 2 3 4 5 6 7
total utility (units) 30 50 65 75 80 83 84
The consumer obtains three units of utility from the last $ she spends on each good that she
purchases.
What is the maximum number of units of X that she will consume if the price of X is $5?
A 3
B 4
C 5
D 6
Mark scheme says A. Does anyone know how?