Question
The table above shows the usefulness of pens and pencils. If pens and pencils cost $.25 each and the consumer has an income of $2.25,
number of pens | Total Pen Utility | number of pencils | Total usefulness of pencils. |
0 | 0 | 0 | 0 |
1 | 90 | 1 | 70 |
2 | 155 | 2 | 120 |
3 | 200 | 3 | 150 |
4 | 225 | 4 | 165 |
5 | 240 | 5 | 174 |
6 | 246 | 6 | 176 |
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Spreadsheet Modeling And Decision Analysis A Practical Introduction To Management Science
Authors: Cliff T. Ragsdale
5th Edition
324656645, 324656637, 9780324656640, 978-0324656633
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