Problem 3 b: Assume that Rudy's income is $49. Referencing your completed MU/P Table in the previous question, to maximi

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Problem 3 b: Assume that
Rudy's income is $49. Referencing your completed MU/P
Table in the previous question, to maximize his satisfaction
(utility), what quantities should Rudy purchase of each good and
how much should Rudy save? What is Rudy's computed equilibrium MU/P
value? Enter your answers in the respective answer boxes shown
below.
(1) The equilibrium MU/P value for Rudy's income constraint
= .
To maximize his satisfaction, Rudy should purchase and save the
following quantities:
(2) Good A = units;
(3) Good B = units;
(4) Good C = units;
(5) Savings = $ .

Problem 3 B Assume That Rudy S Income Is 49 Referencing Your Completed Mu P Table In The Previous Question To Maximi 1 (33.66 KiB) Viewed 14 times

Problem 3 B Assume That Rudy S Income Is 49 Referencing Your Completed Mu P Table In The Previous Question To Maximi 2 (31.82 KiB) Viewed 14 times

Problem 3: Utility Maximizing Answer Questions 9 - 10 (= 3a - 3b) Good A Good B Good C Savings $2 $3 $6 $1 Quantity MU MU MU MU 1 6 18 6 4 2 8 21 12 5 3 12 15 21 6 4 10 12 36 7 5 9 6 30 8 MU/P Table Gd C $6 MU/P 13 24 36 4 5 5 4.5 Gd A $2 MU/P 6 7 5 4 2 Gd B $3 MU/P 1 2 3.5 6 5 4 5 Savings $1 MU/P 6 7 8
Problem 3 a: MU/P Computations: Rudy wants to allocate his given income to purchase three goods (Goods A, B, and C) and be able to save some his income. The prices of the Goods A, B, C and savings are $2, $3, $6, and $1, respectively. Referencing the MU values for the goods and savings shown in the above top table, calculate and enter the MU/P values for the three goods and savings into the answer boxes shown in the above second table.