« previous next »

Author Question: The table above shows Mary's utility from chips and soda. Mary buys only chips and soda. Chips cost ... (Read 724 times)

mpobi80

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

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Mary Cassatt, The Bath. Mary Cassatt, The Bath.
Are reality shows “real”? Does the media tell the “truth”? Are reality shows “real”? Does the media tell the “truth”?
The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87. The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87.
Adjustable massage table with face cradle. Adjustable massage table with face cradle.
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Table - Correlation Analysis Table - Correlation Analysis
Video: Coronary Heart Disease

For a complete list of videos, visit our video library