The meal plan at University A lets students eat as much as they like for a fixed fee of $500 per semester. The average student there eats 250 pounds of food per semester. University B charges $500 for a book of meal tickets that entitles the student to eat 250 pounds of food per semester. If the student eats more than 250 pounds, he or she pays $2 for each additional pound; if the student eats less, he or she gets a $2 per pound refund. If students are rational, at which university will average food consumption be higher? O University A O University B
The meal plan at University A lets students eat as much as they like for a fixed fee of $500 per semester. The average student there eats 250 pounds of food per semester. University B charges $500 for a book of meal tickets that entitles the student to eat 250 pounds of food per semester. If the student eats more than 250 pounds, he or she pays $2 for each additional pound; if the student eats less, he or she gets a $2 per pound refund. If students are rational, at which university will average food consumption be higher? O University A O University B
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please refernece attachment. See image below.
![The meal plan at University A lets students eat as much as they like for a fixed fee of $500 per semester. The average student there
eats 250 pounds of food per semester. University B charges $500 for a book of meal tickets that entitles the student to eat 250
pounds of food per semester. If the student eats more than 250 pounds, he or she pays $2 for each additional pound; if the student
eats less, he or she gets a $2 per pound refund.
If students are rational, at which university will average food consumption be higher?
O University A
O University B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc72866d-e1c4-4b3b-8bc4-dbae9b697597%2F2e6a5d71-e29f-4a43-b420-1d7fcbd59caa%2Fdlem3tl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The meal plan at University A lets students eat as much as they like for a fixed fee of $500 per semester. The average student there
eats 250 pounds of food per semester. University B charges $500 for a book of meal tickets that entitles the student to eat 250
pounds of food per semester. If the student eats more than 250 pounds, he or she pays $2 for each additional pound; if the student
eats less, he or she gets a $2 per pound refund.
If students are rational, at which university will average food consumption be higher?
O University A
O University B
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