Weekly Income: $28 Price of Soup: $5 Price of dessert: $3 i) How much dessert should be consumed at the optimum consumption level? ii) What is the marginal benefit per dollar at the optimum consumption level?

Weekly Income: $28 Price of Soup: $5 Price of dessert: $3 i) How much dessert should be consumed at the optimum consumption level? ii) What is the marginal benefit per dollar at the optimum consumption level?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Weekly Income: $28
Price of Soup: $5
Price of dessert: $3

i) How much dessert should be consumed at the optimum consumption level?

ii) What is the marginal benefit per dollar at the optimum consumption level?

Soạp
Amount
MUSOAP
Dessert
Amount
MUDES
2
40
2
30
3
35
4
27
4
30
24
5
25
8
21
20
10
18

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