The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is 1 per pound, the price of cake is 2 per slice and Homer has 9 to spend on cookies and cake.
Homer will consume ________ pounds of cookies and ________ slices of cake. A) 5; 2
B) 2; 5
C) 3; 3
D) None of the above answers is correct.
Question 2
Sandra's Sweaters' production function is shown in the above table. Sandra rents three knitting machines for 30 a day each and hires workers at a wage rate of 40 a day. If Sandra produces 18 sweaters per day, what is her average total cost?
A) 5.00
B) 6.67
C) 9.44
D) 10.00
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APA Table - SPSS