Exhibit 5-2 Michael's Utility Schedule Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Units of TU of MU of Units of cola TU of cola MU of cola pretzels pretzels 30 pretzels 30 20 16 40 40 32 2 3 4. 3 96 112 124 24 66 78 84 4. In Exhibit 5-2, if Michael has $40 to spend on cola and pretzels, what is his maximum utility possible? O 40. 174. 190. 208.
Exhibit 5-2 Michael's Utility Schedule Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Units of TU of MU of Units of cola TU of cola MU of cola pretzels pretzels 30 pretzels 30 20 16 40 40 32 2 3 4. 3 96 112 124 24 66 78 84 4. In Exhibit 5-2, if Michael has $40 to spend on cola and pretzels, what is his maximum utility possible? O 40. 174. 190. 208.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 6SQP
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