3. The meal plan at University A lets students eat as much as they like for a...

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3. The meal plan at University A lets students eat as much as they like for a fixed fee of

$500 per semester. The average student there eats 250 lb of food per semester. University B charges students $500 for a book of meal tickets that entitles the student to eat 250 lb of food per semester. If the student eats more than 250 lb, he or she pays extra;

if the student eats less, he or she gets a refund. If students are rational, at which university will average food consumption be higher?

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Microeconomics And Behavior

ISBN: 9780073375946

8th Edition

Authors: Robert Frank, David Colander

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