Lisa consumes only two goods, pizzas and burritos. In equilibrium, her marginal utility per slice of pizza is 10 and her marginal utility per burrito is 8. Instructions: Enter your answer rounded to two decimal places. If a slice of pizza costs $3, then the price of a burrito must be $
Lisa consumes only two goods, pizzas and burritos. In equilibrium, her marginal utility per slice of pizza is 10 and her marginal utility per burrito is 8. Instructions: Enter your answer rounded to two decimal places. If a slice of pizza costs $3, then the price of a burrito must be $
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 7SQ
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![Lisa consumes only two goods, pizzas and burritos. In equilibrium, her marginal
utility per slice of pizza is 10 and her marginal utility per burrito is 8.
Instructions: Enter your answer rounded to two decimal places.
If a slice of pizza costs $3, then the price of a burrito must be $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e5bb277-d100-4e34-89bd-43f13cf2ce75%2Fd2a992f2-66b8-4979-8818-42203a1b7a90%2F39dbcu_processed.png&w=3840&q=75)
Transcribed Image Text:Lisa consumes only two goods, pizzas and burritos. In equilibrium, her marginal
utility per slice of pizza is 10 and her marginal utility per burrito is 8.
Instructions: Enter your answer rounded to two decimal places.
If a slice of pizza costs $3, then the price of a burrito must be $
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