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1. A consumer has an income of $24 to spend each day. The only two goods the consumer is interested in purchasing are goods A and B. The marginal-utility schedules for these two goods are shown in the table below. The price of B does not change and is $2. The marginal utility per dollar from B is also shown in the table. But the price of A varies as shown in the table. The marginal utility per dollar from A when the price of A is $8 and $4 is shown in the following table.
Good A Good B
Quantity MU MU/$8 MU/$4 MU MU/$2
1 48 6 12 24 12
2 32 4 8 15 8
3 24 3 6 12 6
4 16 2 4 8 4
5 8 1 2 6 3
6 4 0.5 1 4 2

Complete the table below to show how much of A the consumer will buy each week at each of the two possible prices of A. Also, show how much B will be demanded when the price of A changes.

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