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

Utility and rational consumer behaviour — practice question

The table presents the total utility an individual gains from consuming various quantities of a good. The individual’s marginal utility of money is $1 = 2 units of utility. What is the greatest quantity of the good that the individual will purchase when its price is $6?

  • A2 units
  • B3 units
  • C4 units
  • D5 units

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