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poopballs
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Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.
a. if the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each goods mary is purchasing?
b. If mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
 one year ago
 one year ago
poopballs Group Title
Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2. a. if the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each goods mary is purchasing? b. If mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?
 one year ago
 one year ago

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poopballs Group TitleBest ResponseYou've already chosen the best response.0
please help me
 one year ago

TAIWORIDWAN Group TitleBest ResponseYou've already chosen the best response.0
the answer involves simple mathematical equation which i may not be able to state explicitly because i don't know how to use the equation option. The requirement for equilibrium for two or more commodities is MUx/Px= MUy/Py .following this equilibrium condition to solve for all unknown MU of B, C, D and all other goods, lets say E. We have muA/PA=muB/pB=muC/pC=muD/pD=muE/pE. solving one by one,we have \[30/2=B/4\] \[B=30\times4/2\] B=120/2 muB= 60 YOU CAN GET OTHER VALUES OF muC,muD,muE by equating the already known values with them. u should get muC=45, muD=15, muE=75 .....BEST OF LUCKCOLLEAGUE
 one year ago
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