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Suppose Joe is maximizing total utility within his budget constraint. If the price of the last pair of jeans purchased is​ $25 and it yields 100 units of extra satisfaction and the price of the last shirt purchased is​ $20, then, using the rule of equal marginal utility per dollar​ spent, the extra satisfaction received from the last shirt must be ________ .

Respuesta :

sandlee09

Answer:

80 units of utility

Explanation:

According to my research, the law of equal-marginal utility says that a consumer spends his income between goods so that the utility received from the money spent is equal. This being the case we can say that the extra satisfaction received from the last shirt must be 80 units of utility.

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