Marla has $7.00 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three Items: muffins at $2.00 each, soup at $1.00, and cappuccinos at $1.50 each. a) Given her total utility figures in table below, Complete the MU columns. Round your answers to whole numbers. E Quantity 1 2 3 4 5 Muffins TU 65 125 155 165 170 Soup: Muffins MU b) How should she allocate her budget? Muffin(s) Muffins MU per $ Soup TU 60 100 130 150 152 Soup MU Soup MU per $ Cappuccinos TU 125 185 230 270 286 Cappuccinos MU Cappuccinos MU per $
Marla has $7.00 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three Items: muffins at $2.00 each, soup at $1.00, and cappuccinos at $1.50 each. a) Given her total utility figures in table below, Complete the MU columns. Round your answers to whole numbers. E Quantity 1 2 3 4 5 Muffins TU 65 125 155 165 170 Soup: Muffins MU b) How should she allocate her budget? Muffin(s) Muffins MU per $ Soup TU 60 100 130 150 152 Soup MU Soup MU per $ Cappuccinos TU 125 185 230 270 286 Cappuccinos MU Cappuccinos MU per $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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