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& 3 Quiz (week 3) x ttps://rsccd.instructure.com/courses/18320/quizzes/76752/take n C... Amazon Music Unili.... CANVAS D Question 10 1 pts The marginal utility from the first three bananas consumed are: 19, 15, and 5 respectively. The marginal utility from the first three pizza slices are: 48, 33, and 3 respectively. The marginal utility from the first three pairs of cheap sandals is 120, 30, and 6. Each banana costs $1, pizza costs $3 per slice, and a pair of sandals cost $6. You have $6 in your budget. How do you maximize your utility? 1 pair of sandals 3 bananas, 1 pizza slice O 3 pizza slices 3 pairs of sandals 2 pizza slices No new data to save. Last checked at 2:49pm Submit Quiz

Explanation / Answer

Bananas Pizza sandals Qty Price MU MU/Price Price MU MU/Price Price MU MU/Price 1 1 19 19 3 48 16 6 120 20 2 1 15 15 3 33 11 6 30 5 3 1 5 5 3 3 1 6 6 1 Income: $ 6. I pair of sandal must be purchased as the MU/Price is highest isn this case. Answer is 1Pair of sandals.

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