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.

Answer rating: 100% (QA)

Marginal utility change in total utility change in qua... View the full answer