Paper 3 - May June - 2007 (CIE)
Can anyone please help me with this mcq??
The table shows the total utility that an individual derives from consuming different quantities of a good.
quantity of good Total Utility
The individual’s marginal utility of money is $1 = 2 units of utility.
What is the maximum quantity of the good that the individual will buy when its price is $6?
A 2 units B 3 units C 4 units D 5 units
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