Ask Question
22 November, 10:49

Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. if the consumer is in equilibrium, what is the marginal utility per last dollar spent on movies and hamburgers?

+5
Answers (1)
  1. 22 November, 12:43
    0
    The marginal utility per last dollar spent on movies and hamburgers is : 2 hamburgers and 5 movies.

    Given : price of ha, burger is 2.00

    price of movie is 5.00

    (2x2) + (5x5) = 29
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. if the consumer is in equilibrium, ...” 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