Economics 9708 · AS & A Level · Utility and rational consumer behaviour

Utility and rational consumer behaviour — practice question

The table gives the total utility a consumer receives from good X at different quantities consumed. quantity of X consumed: 1,2,3,4,5,6,7; total utility (units): 30,50,65,75,80,83,84. The consumer gains three units of utility from the final $ she spends on each good that she buys. What is the greatest number of units of X that she will consume if the price of X is $5?

  • A3
  • B4
  • C5
  • D6

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