Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 02, 2019

Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 40 and her marginal utility of a burrito is 32. The

Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 40 and her marginal utility of a burrito is 32. The price of a pizza is $5.

Instructions:

Round your answer to 2 decimal places.

The price of a burrito is $

Step by Step Solution

★★★★★

3.42 Rating (142 Votes )

There are 3 Steps involved in it

Step: 1

The equilibrium consumption is where pe... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus

Authors: Michael Sullivan

9th edition

321716835, 321716833, 978-0321716835

More Books

Students also viewed these Economics questions

Question

★★★★★

Complete the following ANOVA table. *Round your answer to 2 decimal places, the tolerance is +/-0.01. **Round your answer to 3 decimal places, the tolerance is +/-0.001. *** Round your answer to 2...

Answered: 1 week ago

Question

★★★★★

Use a calculator to evaluate expression. Round your answer to three decimal places. sin 17

Answered: 1 week ago

Question

★★★★★

Use a calculator to evaluate expression. Round your answer to three decimal places. cos 2/5

Answered: 1 week ago

Question

★★★★★

- The first stream is $450 per year for 9 years and begins 5 years from today - The second stream begins 7 years from today with the first cash flow being $400, and with each successive cash flow...

Answered: 1 week ago

Question

★★★★★

Larry Gaines, age 42, sells his personal residence on November 12, 2012, for $144,000. He lived in the house for 7 years. The expenses of the sale are $10,500, and he has made capital improvements of...

Answered: 1 week ago

Question

★★★★★

=+3. Let M = (Q, X, ft) be the ffsm, where Q = {ql , q2 }, X = {a}, and ft is defined by ft(ql , a, qi) = 0, ft(ql , a, q2) = 3, ft (q2 , a, qi) = 3, and

Answered: 1 week ago

Question

★★★★★

How do certain characteristics of a task affect ones success in completing it?

Answered: 1 week ago

Question

★★★★★

Determine the reactions at A and B when en (a) α = 0, (b) α =90°, (c) α =30°. 330 N 250 mm -250 mm 300 mm

Answered: 1 week ago

Question

★★★★★

In the class LinkedSortedList, which of the following items are private?a ) getEntry ( position ) b ) the constructorc ) isEmpty ( ) d ) getNodeAt ( position )

Answered: 1 week ago

Question

★★★★★

Mercy, Nelly and Olive are in partnership sharing profits and losses equally after allowing for interest on capital at the rates of 5% per annum to the partners and a salary to Nelly of $ 60 per...

Answered: 1 week ago

Question

★★★★★

Determine whether the graph is the graph of a function or not Is this the graph of a function? O No Yes x 1 10 8 6 3/ 9 8 10

Answered: 1 week ago

Question

★★★★★

Question: Over the last 6 months, you have received numerous complaints from guests and staff that the property management computer system (PMS) is slow, crashes regularly, causes long check-in...

Answered: 1 week ago

Question

★★★★★

1. The Jonestown Hideaway Resort hosts hundreds of weddings each year in its sprawling event center. In order to offer wedding parties an all-inclusive experience, they currently have a dedicated...

Answered: 1 week ago

Question

★★★★★

Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Accounts payable Bonds payable (due in 10 years) Machinery $ 4,200...

Answered: 1 week ago

Question

★★★★★

Classic hand pumps work by sucking air out and creating a vacuum the top of the pipe, which will drive the fluid up the pipe. In fact, it is similar to how we use a straw to drink liquids. What is...

Answered: 1 week ago

Question

★★★★★

You are planning to put up your own business. At that time, the craze was all about the Rubik's Cube. You are not sure if this will continue to be popular. Questions: Going back to the story, will...

Answered: 1 week ago

Question

★★★★★

What is the result of the following binary subtraction ( in binary ) ? 1 0 0 0 1 0 0 0 - 0 1 1 0 1 0 1 1

Answered: 1 week ago

Question

★★★★★

Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...

Answered: 1 week ago

Question

★★★★★

A restaurant serves 30 guests in four hours and 3 servers (labor), the labor rate is $20/hour/server, and consumes $500 worth of food and other raw materials, and $50 of energy. Calculate...

Answered: 1 week ago

Question

★★★★★

In problem, find the slope and y-intercept of each line. Graph the line. y = 5

Answered: 1 week ago

Question

★★★★★

Completed in 1902 in New York City, the Flatiron Building is triangular shaped and bounded by 22nd Street, Broadway, and 5th Avenue. The building measures approximately 87 feet on the 22nd Street...

Answered: 1 week ago

Question

★★★★★

. Describe the collection of points in a plane so that the distance from each point to the point (5, 0) is five-fourths of its distance from the line x = 16/5.

Answered: 1 week ago

Question

★★★★★

2.1. Explain the difference between (a) Discrete and continuous variables (b) Categorical and quantitative variables (c) Nominal and ordinal variables Why do these distinctions matter for statistical...

Answered: 1 week ago

Question

★★★★★

2.5. Which scale of measurement is most appropriate for "attained education" measured as (a) Number of years (0,1,2, 3,...) (b) Grade level (elementary school, middle school, high school, college,...

Answered: 1 week ago

Question

★★★★★

2.4. Which scale of measurement is most appropriate for (a) Occupation (plumber, teacher, secretary,...) (b) Occupational status (blue collar, white collar) (c) Social status (lower, middle, upper...

Answered: 1 week ago

Previous Question Next Question