Based on the text above, calculate the marginal utility per dollar spent by consumers in a monopolistic industry.

1. Break Down the Problem

To calculate the marginal utility per dollar spent by consumers in a monopolistic industry, we need to understand the concepts of marginal utility (MU) and price (P). The formula for marginal utility per dollar spent (MUpD) is given by:

$MUpD = \frac{MU}{P}$

where:

• $MU$ is the marginal utility obtained from consuming an additional unit of a good.
• $P$ is the price of that good.

2. Relevant Concepts

In a monopolistic market, the monopolist sets the price above marginal cost, and consumers face the price determined by the monopolist. Therefore, the marginal utility must be assessed against the price consumers pay.

3. Analysis and Detail

1. Determine Marginal Utility: This is typically given or can be calculated from utility functions. If not provided, we assume a value for MU.
2. Determine the Price: This is also needed and must be given or estimated based on market conditions.
3. Calculate MUpD: Use the values obtained from the previous steps to calculate marginal utility per dollar spent.

4. Verify and Summarize

Ensure that you have the values for both components (MU and P) accurate and then perform the calculation to find $MUpD$.

Final Answer

To provide a specific final answer, actual numeric values for $MU$ and $P$ are needed. If $MU = 10$ utils and $P = 2$ dollars, then:

$MUpD = \frac{10}{2} = 5 \text{ utils per dollar}$

If you provide specific values for marginal utility and price, I can help you calculate the marginal utility per dollar spent more precisely.