Solved: What is the level of net satisfaction from the good, Microeconomics

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What is the level of net satisfaction from the good

Question:

Suppose an individual has the utility schedule:

Q UTILITY IN DOLLARS
0 0
1 100
2 180
3 250
4 300
5 340
6 370
7 390
8 400

A) Suppose P=55. What is the individual's optimal level consumption? What is his level of net satisfaction from this good?

B) Suppose p=15. What is the individual's optimal level consumption? What is his level of net satisfaction from this good?

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Microeconomics: What is the level of net satisfaction from the good

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