The marginal utility from the first three bananas consumed are: 19, 15, and 5 respectively. The marginal utility from the first three pizza slices are: 48, 33, and 3 respectively. The marginal utility from the first three pairs of cheap sandals is 120, 30, and 6. Each banana costs $1, pizza costs $3 per slice, and a pair of sandals cost $6. You have $6 in your budget. How do you maximize your utility?
A. 1 pair of sandals
B. 3 bananas, 1 pizza slice
C. 3 pizza slices
D. 3 pairs of sandals
E. 2 pizza slices
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The marginal utility from the first three bananas consumed are: 19, 15, and 5 respectively. The marginal utility from the first three pizza ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Lara has identified an attractive potential customer for her biodiesel home power system. She knows the customer is concerned about the environment and has considerable financial resources.
Answers (2)
The direct write-off method records bad debt expense only when an account becomes uncollectible, which is not always in the same period as the sale. for this reason, the direct write-off method violates the
Answers (1)
The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: North South Sales ... $ 900,000 $ 800,000 Variable expenses ... 450,000 300,000 Traceable fixed expenses ...
Answers (1)
Higher labor prices decrease the
Answers (1)
2. Sorry, you didn't win the lottery, but here's a way you can still be a millionaire! Starting at age 22, every night you take $5 out of your pocket and put it in a manila envelope (title it "Lottery Winnings").
Answers (1)
New Questions in Business
Each of the following decreases total stockholders' equity except a Entry field with incorrect answer all of these decrease total stockholders' equity. cash dividend. stock dividend. liquidating dividend.
Answers (1)
Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of: A. $10,200. B. $10,000. C.
Answers (1)
How much do community college professors get paid?
Answers (1)
To determine the true cash balance Multiple Choice a. add bank collections of depositors' accounts receivable to the unadjusted book balance. b. subtract bank service charges from the unadjusted book balance. c.
Answers (1)
Buying inventory in large lots to take advantage of quantity discounts can be responsible for a high inventory turnover ratio. True/False
Answers (1)