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ECO 535 Wk 1 - Practice: Tradeoffs and Price Controls Product
Price Per Unit
Marginal Utility From Current Consumption
A
$10
20
B
5
15
C
20
30
The table shows the marginal utilities derived from current consumption levels of three new products, A, B, and C, that are being sold in the market at the prices listed. The consumer can immediately gain the most extra total utility by switching spending from Multiple Choice A to B.
B to A.
C to B.
B to C.