Assignment Help - homework help

Price of beer is 2 per unit using the following data in the


Price of beer is $2 per unit. Using the following data in the table, calculate MU, MNU and TNU of beer.

Q          TU          MU            TNU            MNU

0           0

1           6

2           10

3           12

4           13

1) What is the utility-maximizing quantity?

2) What is consumer's surplus?

3) What is utility-maximizing TNU?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Price of beer is 2 per unit using the following data in the
Reference No:- TGS02660772

Now Priced at $15 (50% Discount)

Recommended (90%)

Rated (4.3/5)