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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Exhibit 6-2 Total Utility for Hamburgers, Fries, and Cokes