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Marginal Analysis and Consumer Choice Practice Test
•8 QuestionsQuestion
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Q1
A consumer is deciding how many premium app downloads to purchase. Each download costs $5. Based on the marginal utility and price information in the table, how many downloads should the consumer buy to maximize net benefit?
Marginal Utility of App Downloads
Download number MU (utils) 1 22 2 18 3 14 4 10 5 6 6 4
A consumer is deciding how many premium app downloads to purchase. Each download costs $5. Based on the marginal utility and price information in the table, how many downloads should the consumer buy to maximize net benefit?
Marginal Utility of App Downloads
| Download number | MU (utils) |
|---|---|
| 1 | 22 |
| 2 | 18 |
| 3 | 14 |
| 4 | 10 |
| 5 | 6 |
| 6 | 4 |