10) Calculate the marginal utility per dollar spent on the 3...*look at picture

Question

10) Calculate the marginal utility per dollar spent on the 3...*look at picture

A) MUPita/PPita=6, MUBuble/PBubble=7 C) MUPita/PPita=7, MUBuble/PBubble=8

B) MUPita/PPita=25, MUBuble/PBubble=30 D) MUPita/PPita=6, MUBuble/PBubble=6

11) What is Keegan's optimal consumption bundle given that he has $30 to spend and the price of a Pita

Wrap is $6 and the price of a glass of Bubble Tea is $3?

A) 3 pita wraps and 3 bubble teas C) 4 pita wraps and 2 bubble teas

B) 3 pita wraps and 4 bubble teas D) 5 pita wraps and 0 bubble teas

12) What is Keegan's optimal consumption bundle when the price of the Bubble Tea increases to $6, and

everything else remains the same, i.e., Keegan

Explanation / Answer

B C D A D C

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.