Assignment utility analysis

Self evaluation:
Peer evaluation:

7.
Teacher evaluation:
Q9.The marginal utility schedule of goods X and Y are given. Both goods are priced at Rs 1 each.
Income of Rakesh is Rs8.How many units of both the commodities should be purchased by
Rakesh to maximize satisfaction. 3

Units MU of X MU of Y
1 11 19
2 10 17
3 9 15
4 8 13
5 7 12
6 6 10
7 5 8
8 4 6

Q10. With reference to the image below,with reasons justify the characteristics of TU function. 3
Q11.A consumer is consuming bread and butter.Explain how will he attain equilibrium.Use cardinal
approach. 6