(Answered) Price of beer is 2 per unit using the following data in the

Economics

Price of beer is $2 per unit. Using the following data in the table, calculate MU, MNU and TNU of beer.

Q TU MU TNU MNU

0 0

1 6

2 10

3 12

4 13

1) What is the utility-maximizing quantity?

2) What is consumer's surplus?

3) What is utility-maximizing TNU?

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Business Economics, Economics

Category:- Business Economics
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