The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda are the only goods and the price of a mini pizza is $1 and the price of a soda is $.50, how many of each will maximize utility if you have $4 for lunch? Number Number Marginal Utility Marginal Utility of of Pizzas Sodas 1 10 1 6. 2 2 3 4 1 4 2 4 1
The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda are the only goods and the price of a mini pizza is $1 and the price of a soda is $.50, how many of each will maximize utility if you have $4 for lunch? Number Number Marginal Utility Marginal Utility of of Pizzas Sodas 1 10 1 6. 2 2 3 4 1 4 2 4 1
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 6SQP
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1. Calculate the marginal utility per dollar for sodas.
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