• We need your support!

    We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
    Click here to Donate Now (View Announcement)

ECONOMICS MCQ-Nov 2003 P3 q 2

D

dasani0708

Messages
20
Reaction score
0
Points
0
2 A utility-maximising consumer spends his disposable income on food and clothing. When his
weekly income is $40 he buys 5 units of food at a unit price of $5. His marginal utility from food
consumption is 10 utility units.
If the price of a clothing unit is $0.50, the consumer's marginal utility from clothing is
A equal to that derived from food.
B
10
1
utility unit.
C 1 utility unit.
D 10 utility units

HELP IN THIS QUESTION
 
You must log in or register to reply here.
Top