The table at right shows the marginal utility a consumer receives from the weekly consumption of On-Demand

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The table at right shows the marginal utility a consumer receives from the weekly consumption of On-Demand movie rentals and Thai takeout meals. One On-Demand movie rental costs $5, and Thai takeout costs $10 per meal. Suppose this consumer is currently (for some reason) eating Thai takeout 10 times per week and is spending all of her $100 income, so that she has no money left over for movie rentals. Is the consumer maximizing utility? pg25

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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