Refer to the above table and assume that each year this consumer buys only annual subscriptions to
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Refer to the above table and assume that each year this consumer buys only annual subscriptions to economics statistics apps and subscriptions to office productivity apps. The price of a subscription to each type of economics statistics app is $4 per year, and the subscription to each office productivity app is $40 per year. If the consumer's available income is $164 per year, he will purchase a quantity of nothing economics statistics apps and nothing office productivity apps each year at a consumer optimum.
Quantity | Utils | Marginal Utility | MUecon / Pecon | Quantity | Utils | Marginal Utility | MUoffice / Poffice |
1 | 30 | 1 | 600 | ||||
2 | 50 | 2 | 1100 | ||||
3 | 60 | 3 | 1500 | ||||
4 | 68 | 4 | 1800 | ||||
5 | 72 | 5 | 2000 | ||||
6 | 75 | 6 | 21000 |
I need to understand how to arrive at the marginal utility and the MUecon / Pecon and MUoffice / Poffice, so please show how you arrived at the answers.
Related Book For
Computer Networking A Top-Down Approach
ISBN: 978-0136079675
5th edition
Authors: James F. Kurose, Keith W. Ross
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