Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
7 years ago
The following table shows John's utility per dollar spent on pizza and sub sandwiches.  John spends $30 eating out per week and the price of pizza is $5 and the price of subs is $5.  What combination of pizza and sub sandwiches maximizes John's utility?

Quantity of Pizza   Marginal Utility per
dollar spent on pizza   Quantity of Sub
Sandwiches   Marginal Utility per
dollar spent on sub sandwiches
1   10   1   6
2   8   2   4
3   6   3   2
4   4   4   0
5   2   5   -2
Read 112 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
7 years ago
I figured, great answer
wrote...
#3
7 years ago
I was slightly debating this one, thanks for the feedback
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  895 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 332
  
 705
  
 1430
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Who will win the 2024 president election?