Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Maria has $6.25 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three items: muffins at $1.50 each,
Maria has $6.25 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three items: muffins at $1.50 each, soup at $1.25, and cappuccinos at $1.00 each.
a) Given her total utility figures in table below, Complete the MU columns.Round your answers to whole numbers.
Quantity | Muffins TU | Muffins MU | Muffins MU per $ | Soup TU | Soup MU | Soup MU per $ | Cappuccinos TU | Cappuccinos MU | Cappuccinos MU per $ |
1 | 114 | 70 | 50 | ||||||
2 | 180 | 120 | 95 | ||||||
3 | 228 | 150 | 130 | ||||||
4 | 267 | 160 | 150 | ||||||
5 | 285 | 165 | 152 |
b) How should she allocate her budget?
Muffin(s):.......
Soup:........
Cappuccino(s):......
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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