A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q51 Mark
To maximise the satisfaction she derives from a given level of expenditure on two goods, X and Y, how should a consumer allocate her expenditure between the two goods? A marginal utility X = marginal utility Y B marginal utility X × price of X = marginal utility Y C marginal utility X marginal utility Y = price of Y price of X marginal utility X price of X D = marginal utility Y price of Y
- (a)To maximise the satisfaction she derives from a given level of expenditure on two goods, X and Y, how should a consumer allocate her expenditure between the two goods? A marginal utility X = marginal utility Y B marginal utility X × price of X = marginal utility Y C marginal utility X marginal utility Y = price of Y price of X marginal utility X price of X D = marginal utility Y price of Y[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.
- [1] (Correct option is D)
Write your answer and get it marked
On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.
Sign up free →