Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocolate bar is 18 units of utility and the marginal utility from the fourth bag of almonds is also 18. Is Adhira maximizing her utility?
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Ответ:
Cannot be determined
Explanation:
If the marginal utility of the third chocolate bar is 18 units of utility and the marginal utility from the fourth bag of almonds is also 18.
For it to be determined if Adhira is maximizing her utility, we need to compare the different units of utility per product to the individual prices of the product.
The Utility Maximization rule states that consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
It is marginal utility per dollar spent that is equalized. and not absolute utility.
Ответ:
In economics, a demand curve is a graphical representation of the connection between product price and quantity demanded.
To know about what change is made in the graph we first need to go through the concept of the demand curve.
What is the rightward and leftward shift in the demand curve?When compared to the original demand curve, a rightward change in demand would increase the quantity required at all prices.
A left shift suggests a drop in demand, whereas a right shift shows an increase in demand.
Thus, in the above graph, there is a rightward shift of the demand curve from left to right (D1 to D2), indicating that demand has increased.
For more information about the Demand curve refer to the link:
link