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Carlos has $ 40.00 to spend during the week on lunches and glasses of wine. The price of each lunch is $ 8.00 and the
Carlos has $ 40.00 to spend during the week on lunches and glasses of wine. The price of each lunch is $ 8.00 and the price of each glass of wine is $ 4.00.
a. Identify the marginal utility and marginal utility per dollar when Carlos buys 5 lunches a week b. Identify the marginal utility and the marginal utility per dollar when Carlos buys 7 glasses of wine a week. c. Identify the quantities of lunches and glasses of wine that Carlos should be able to buy with his $ 40.00 and how much would be his maximum total profit that he reaches per week. d. If the price of each lunch is $ 4.00 and the price and price of each glass of wine is $ 4.00, identify the quantities of lunches and glasses of wine that Carlos should be able to buy with his $ 40.00 and how much would be his maximum total profit that he reaches a week. e. Name two points on Carlos' demand curve for lunches
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