Author Question: The table above shows Mary's utility from chips and soda. Mary buys only chips and soda. Chips cost ... (Read 723 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
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

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

For a complete list of videos, visit our video library