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Author Question: The table below shows the quantities of toffee bars and bags of cashews that a consumer could ... (Read 14 times)

jany123

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on: Oct 12, 2022
The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a 1-week period.

Toffee (bars)Cashews (bags)
UnitsMarginal UtilityTotal
Utility		Marginal
Utility		Total
Utility
110101212
28181022
3523 729
4326 534
5127 236
6027 137
7027 037

TABLE 6-4

Refer to Table 6-4. If the price of toffee bars is $1 each, bags of cashews are $2 each, and this consumer has $7 per week to spend on these two snacks, how many of each will he/she purchase to maximize utility?
◦ 7 toffee bars and 0 bags of cashews
◦ 2 toffee bars and 2 bags of cashews
◦ 0 toffee bars and 3 bags of cashews
◦ 1 toffee bars and 3 bags of cashews
◦ 3 toffee bars and 2 bags of cashews
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jany123 on Oct 12, 2022

ealonif

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jany123

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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