When Martha buys 3 burgers and 2 dishes of pasta a week, what is her total utility
Question:
When Martha buys 3 burgers and 2 dishes of pasta a week, what is her total utility and her marginal utility from the third burger? If the price of a burger is $4, what is her marginal utility per dollar from burgers?
Use the table, which shows Martha’s total utility from burgers and pasta,
Transcribed Image Text:
Quantity per week 0 - 2 3456N Burgers Total utility 0 10 18 25 31 36 40 Dishes per week 0 1 234 Pasta 5 6 Total utility 0 20 36 48 56 60 62
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (17 reviews)
The total utility from consuming 3 burgers a...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A chef in a restaurant that specializes in pasta dishes was experiencing difficulty in getting brands of pasta to be al dente-that is, cooked enough so as not to feel starchy or hard but still feel...
-
A chef in a restaurant that specializes in pasta dishes was experiencing difficulty in getting brands of pasta to be al dente-that is, cooked enough so as not to feel starchy or hard but still feel...
-
The following table shows Renes total utility from eating escargot. Fill in the blanks that show the marginal utility that Rene derives from eatingescargot. Escargot Per Day Marginal Utility Total...
-
Suppose that \(\mathrm{x}\) is a linked-list Node. What is the effect of the following code fragment? \(t\). next \(=x\). next; \(x \cdot\) next \(=t ;\)
-
What are the cost components of each of the three inventory accounts of a manufacturing company?
-
Presented in the following table is selected information from the 20XS5 financial statements of the various individual funds of Alderman City. Fund General Grants Special Revenue School Special...
-
Can you think of at least one practical problem of adopting an SVA approach?
-
While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9%. If Mary repays $1,500 per year, then how long (to the nearest...
-
E10.16 (LO 2, 3) Groupwork (Asset Acquisition) Hayes Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
Jim spends all his income on apartment rent, food, clothing, and vacations. He gets a pay raise from $3,000 a month to $4,000 a month. At the same time, airfares and other vacation-related expenses...
-
Would Ben ever want to buy more than one carton of orange juice a day or no orange juice? Explain your answer. Use the table, which shows Bens utility. Orange juice (cartons per day) 0 I 2 3 4 5...
-
In a simple linear regression analysis attempting to link the earnings per share ratio (x) for a stock to its share price (y), the following ANOVA table was produced. a. Use an F test to decide...
-
Time ( s ) Velocity ( m / s ) 1 2 3 4 5 6 7 8 Calculate the velocity
-
The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.) Foreign investment in Etruria Secondary (transfers) income received from abroad Primary...
-
Olive Corporation buys a material for P20 per unit. Sixteen thousand parts a year are needed. Carrying costs is P3.00 per unit and the ordering cost is P15. Required: Compute the economic order...
-
As a healthcare leader or manager, most of us are charged with supervising employees. The literature suggests the importance of hiring and retaining employees with high levels of emotional...
-
7-8. Evaluate the sum exactly. (10 points each) 7. 18 (1) n (33) "
-
Assume the functions f, g, and h satisfy the inequality f(x) g(x) h(x) for all values of x near a, except possibly at a. Prove that if then lim f(x) = lim h(x) = xa |lim g(x) = L.
-
A summary of changes in Pen Corporation's Investment in Sam account from January 1, 2011, to December 31, 2013, follows (in thousands): ADDITIONAL INFORMATION 1. Pen acquired its 80 percent interest...
-
Distinguish between a low and high incomes and a low and high economic growth rates. What are the key features of an economy that are present when incomes are high or fast growing and absent when...
-
Explain how an increase in physical capital and an increase in human capital change labor productivity. Use a graph to illustrate your answer.
-
The table describes labor productivity in an economy. What must have occurred in this economy during year 1?
-
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
-
Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an expected return of 12.5 percent. The market return is 11.3 percent and the risk-free rate is 3.1 percent. What is the...
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Study smarter with the SolutionInn App