Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Satsume Satsume
wrote...
Go to Answer
Posts: 761
Rep: 0 0
6 years ago
The following table presents Alfred's marginal utility for each good while exhausting his income.  Fill in the remaining column in the table.  If the price of tuna is twice the price of peanut butter, at what consumption bundle in the table is Alfred maximizing his level of satisfaction?  Which commodity bundle entails the largest level of tuna fish consumption?

Bundle   MU of peanut butter   MU of tuna   Marginal Rate of Substitution
A   0.25   2.41   
B   0.31   1.50   
C   0.42   0.84   
D   0.66   0.33
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 44 times
1 Reply
Replies
Answer verified by a subject expert
boransalboransal
wrote...
#1
Posts: 477
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 120 words.
1

Related Topics

Satsume Author
wrote...

6 years ago
Thanks
dedricgard
wrote...

Yesterday
Thanks for your help!!
Marcie D
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1492 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 710
  
 336
  
 338