Ask Question
19 June, 02:43

Ray buys only hamburgers and bottles of root beer out of a weekly income of $100. He currently consumes 20 bottles of root beer per week, and his marginal utility of root beer is 6. The price of root beer is $2 per bottle. Currently, he also consumes 15 hamburgers per week, and his marginal utility of a hamburger is 8. Is Ray max - imizing utility at his current consumption basket? If not, should he buy more hamburgers each week, or fewer?

+3
Answers (1)
  1. 19 June, 03:20
    0
    fewer hamburgers

    Explanation:

    cuz he is buying more than his limit, more than he should.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ray buys only hamburgers and bottles of root beer out of a weekly income of $100. He currently consumes 20 bottles of root beer per week, ...” 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