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Author Question: What is the marginal utility per dollar and how is it calculated? What will be an ideal ... (Read 46 times)

evelyn o bentley

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on: Jun 29, 2018
What is the marginal utility per dollar and how is it calculated?
 
  What will be an ideal response?

Question 2

In which of the following countries are substantial co-payments typically required as a part of the health care system?
 
  A) Canada and the United States B) the United States and the United Kingdom
  C) the United States and Japan D) Japan and Canada.
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kusterl

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The marginal utility per dollar equals the marginal utility of the good or service divided by its price. The marginal utility per dollar tells the additional utility gained from spending one more dollar on a good or service.

Answer to Question 2

C


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