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After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to c

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After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to c

After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to celebrate. You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas. Use the rule of equal marginal utility per dollar to determine which one to purchase: (a) the chimichanga for $8 which gives you 120 units of utility, or (b) the enchiladas for $15 which gives you 195 units of utility?

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 413 times

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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