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stars_and_moon stars_and_moon
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Posts: 3218
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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
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kingbykingby
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7 years ago
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wrote...
#2
7 years ago
I figured, great answer
wrote...
#3
7 years ago
I was slightly debating this one, thanks for the feedback
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