Becky needs to decide how many cups of coffee and pieces of cake she will buy for a meeting with an office mate. She estimates her total utility for different quantities of coffee and cakes below. A cup of coffee is $2.00, and each piece of cake is $1.00. Becky has a total of $6 to spend. What is Becky's total utility if she buys 2 cups of coffee and 2 pieces of cake? Utility from Consumption Cups of Coffee Total Utility from Cups of Coffee Pieces of Cake Total Utility from Pieces of Cake 1 28 1 16 2 55 2 33 3 77 3 49 4 4 64 5 5 78 6 6 91 Total Utility of Different Consumption Bundles Consumption Bundle Cups of Coffee Pieces of Cake Total Utility A B 3 0 2 2
Becky needs to decide how many cups of coffee and pieces of cake she will buy for a meeting with an office mate. She estimates her total utility for different quantities of coffee and cakes below. A cup of coffee is $2.00, and each piece of cake is $1.00. Becky has a total of $6 to spend. What is Becky's total utility if she buys 2 cups of coffee and 2 pieces of cake? Utility from Consumption Cups of Coffee Total Utility from Cups of Coffee Pieces of Cake Total Utility from Pieces of Cake 1 28 1 16 2 55 2 33 3 77 3 49 4 4 64 5 5 78 6 6 91 Total Utility of Different Consumption Bundles Consumption Bundle Cups of Coffee Pieces of Cake Total Utility A B 3 0 2 2
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
am. 113.
Transcribed Image Text:Becky needs to decide how many cups of coffee and pieces of cake she will buy for a meeting with an office mate. She
estimates her total utility for different quantities of coffee and cakes below. A cup of coffee is $2.00, and each piece of cake
is $1.00. Becky has a total of $6 to spend. What is Becky's total utility if she buys 2 cups of coffee and 2 pieces of cake?
Utility from Consumption
Cups of
Coffee
Total Utility from
Cups of Coffee
Pieces of
Cake
Total Utility from
Pieces of Cake
1
28
1
16
2
55
2
33
3
77
3
49
4
4
64
5
5
78
6
6
91
Total Utility of Different Consumption Bundles
Consumption Bundle Cups of Coffee Pieces of Cake Total Utility
A
B
3
0
2
2
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