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Author Question: The table above shows Mary's utility from chips and soda. Mary buys only chips and soda. Chips cost ... (Read 726 times)

mpobi80

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on: Jun 29, 2018
The table above shows Mary's utility from chips and soda. Mary buys only chips and soda. Chips cost 2 per bag and soda costs 4 per six-pack. She has 20 to spend per week. To maximize her utility, Mary will buy
 
  A) 5 sodas and 5 bags of chips.
  B) 3 sodas and 3 bags of chips.
  C) 8 sodas and 8 bags of chips.
  D) 6 sodas and 2 bags of chips.

Question 2

In the above figure, the marginal cost of the last unit produced by the profit maximizing firm is
 
  A) 5.
  B) 10.
  C) 15.
  D) 20.


shoemake

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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