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You buys only two brands of shampoo: Nexxus and Olaplex The more of any one you buy, the lower the marginal utility of that shampoo.
You buys only two brands of shampoo: "Nexxus" and "Olaplex" The more of any one you buy, the lower the marginal utility of that shampoo. In spending all your income, your marginal utility of a "Nexxus" is 50 and your marginal utility of an "Olaplex" is 100. The price of a "Nexxus" bottle of shamppoo is $20 and the price of an "Olaplex" bottle of shampoo is $30. Given this information, which of the statements is true? O a. In equilibrium, you must give up three "Olaplex" bottles for two "Nexxus" balls. O b. You would be willing to give up two "Olaplex" bottles for one "Nexxus" bottle. O c. You could increase your satisfaction by trading "Nexxus" for "Olaplex".Which of the following signals that the consumption choice with the maximum total utility has been selected? O a. The marginal utility is maximized for both goods. O b. The marginal utility is the same for both goods. O c. The marginal utility per dollar is the same for both goods.You have a budget of $125 to spend on pizza or wings. Pizza costs $20 while wing orders cost $15. Use the table below to identify the utility maximizing quantity of pizza and wings given your budget constraint. Table Pizza Total Utility Wings Total Utility 100 50 No 180 90 3 240 3 120 4 280 4 140 300 5 150 6 310 6 155 a. 5 pizzas and 3 wing orders O b. 4 pizzas and 3 wing orders O c. 3 pizzas and 4 wing ordersIn September, you spent all your entertainment budget on football tickets and nachos. Each football ticket cost $75. At your optimal choice, your marginal utility from the last football ticket purchased is 300 and your marginal utility from the last nacho order purchased is 100. This means that each nacho order must cost 0 a. 50 O b. 25 O c. 100
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