Use the following to answer the questions belowz is the, Ask an Expert

Economics

Use the following to answer the questions below:

z is the marginal utility per dollar measured in utils, x is the amount spent on product A, and y is the amount spent on product B.

Assume MUA = z = 40 – x and MUB = z = 84 – 4y.

Assume that the consumer has $40 to spend on A and B; that is, x + y = 40.

What is the marginal utility per dollar? What is best way to allocate the expenditure of the $40?

Please show your work? (can this also be done in excel?)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704934

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