Exhibit 6-2 Total Utility for Hamburgers, Fries, and Cokes -In Exhibit 6-2, Assume That the Price of Hamburgers Is
Exhibit 6-2 Total utility for hamburgers, fries, and Cokes
-In Exhibit 6-2, assume that the price of hamburgers is $2 each, fries cost 50 cents each, and Cokes cost $1 each. Suppose the consumer has $6 to spend on hamburgers, fries, and Cokes. In the consumer equilibrium, what is the marginal utility per dollar for each of the three goods?
A) 20 utils per dollar.
B) 40 utils per dollar.
C) 90 utils per dollar.
D) 270 utils per dollar.
Correct Answer:
Verified
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