Suppose you are consuming two goods, A and B. Your marginal utility from good A is 20 while your marginal utility from good B is 4. In addition, good A costs $10 each and good B costs $2 each.

a. According to the utility-maximizing rule, you are maximizing your total utilityCorrect.

b. You should consume: Less of Good A, the same amount of good B, more of good B

Suppose you are consuming two goods, A and B. Your marginal utility from good A is 20 while your marginal utility from good B is 4. In addition, good A costs $10 each and good B costs $2 each. a. According to the utility-maximizing rule, you are | maximizing your total utility|. b. You should consume: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. more of good A. less of good A. V the same amount of good B. the same amount of good A. more of good B. Explanation When utility is maximized, MUA/PriceA equals MUp/Prices. In this case, MUA/PriceA (20/10 = 2) equals MUp/Prices (4/2 = 2), so you should continue to consume these same amounts of A and B