Top Posters
Since Sunday
z
4
n
4
t
4
k
3
x
3
r
3
m
3
j
3
c
3
l
3
e
3
s
2
New Topic  
stars_and_moon stars_and_moon
wrote...
Posts: 3218
8 years ago
A college student, Ramon Juarez, often purchases candy bars or bags of potato chips between classes; he tries to limit his spending on these snacks to $8 per week.  A bag of chips costs $0.75 and a candy bar cost $0.50.  He has been purchasing an average of six bags of chips and seven candy bars each week.  If Mr. Juarez is maximizing his utility and the marginal utility of an additional bag of chips during the week is 6, what is the marginal utility of an additional candy bar during the week?
A) 2
B) 4
C) 6
D) 8
Read 601 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
Top Poster
Posts: 3218
8 years ago
Sign in or Sign up in seconds to unlock everything for free

Related Topics

wrote...
8 years ago
Incredible!
wrote...
8 years ago
Yup, vote with confidence!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  331 People Browsing
 104 Signed Up Today
Related Images
  
 209
  
 318
  
 640
Your Opinion