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Author Question: The Smith family is allocating its monthly household expenditure between only two goods, food and ... (Read 314 times)

elarge

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on: Oct 12, 2022
The Smith family is allocating its monthly household expenditure between only two goods, food and clothing. Suppose the price of food is $12 per unit, the price of clothing is $16 per unit, and the marginal utility the family is receiving from its consumption of clothing is currently 200. What is the family's marginal utility from its consumption of food if it is maximizing its utility?
◦ 12
◦ 150
◦ 200
◦ 75
◦ 16
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Marked as best answer by elarge on Oct 12, 2022

kuttz

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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elarge

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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