Essay
(Table: Utility from Burgers and Milkshakes) Look at the table Utility from Burgers and Milkshakes.David's marginal utilities for milkshakes and burgers are given in the table.The price of milkshakes is $2, and the price of burgers is $5.If David's income is $22, how many milkshakes and how many burgers does he buy to maximize his utility?
A.1 shake and 1 burger
B.6 shakes and 0 burgers
C.5 shakes and 1 burger
D.6 shakes and 2 burgers
Correct Answer:
Verified
6 shakes a...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions