What is marginal utility of each of goods mary purchasing

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Reference no: EM13245943

Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.
a)If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?
b)If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?

Reference no: EM13245943

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