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Question: exhibit 1 total utility for hamburgers fries and cokes total...

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Exhibit 1 Total utility for hamburgers, fries, and Cokes Total Uitility from Hamburgers Total Utility from Fries Total Utility from Coke 1 hamburger (100 utils) 2 hamburgers (180 utils) 3 hamburgers (240 utils) 1 order of fries (30 utils) 1 Coke (40 utils) 2 orders of fries (50 utils) 2 Cokes (60 utils) 3 orders of fries (60 utils) 3 Cokes (70 utils) 3- In Exhibit 1 assume that the price of utility of having a second order of fries? hamburgers is $2 each, fries cost 50 cents each, and Cokes cost SI each. What is the marginal a. Ь. c, d. 10 utils. 20 utils. 30 utils. 50 utils. 4-In Exhibit 1, assume that the price of hamburgers is S2 each, fries cost 50 cents each, and Cokes cost SI each. Suppose the consumer has S6 to spend on hamburgers, fries, and Cokes. Which of the following meals gives the consumer the mast utility? a. 3 hamburgers, no fries, and no Cokes. b. 2 hamburgers, no fries, and 2 Cokes. c. 2 hamburgers, 2 orders of fries and 1 Coke. d. l hamburger, 2 orders of fries, and 3 Cokes. assume that the price of hamburgers is $2 each, fries cost 50 cents each, and Cokes cost S1 each. Suppose the mer has $6 each of the three goods? to spend on hamburgers, fries, and Cokes. In the consumer equilibrium, what is the marginal utility per dollar for
Exhibit 2 Production possibilities curve data Capital goods Consumption goods 25 23 19 19 13 0 6-Suppose an economyunits of consumption goods. economy is faced with the production possibilities t able shown in Exhibit 2. The first unit of capital goods will cost the a. b. 25 2 d. 23 7-Suppose an economy is faced with the production possibilities table shown in Exhibit 2. The second unit of capital goods production will cost-units of consumption goods, and the third unit ofcapital goods production will cost consumption goods units of 一一 4; 6 a. b. 25;23 c. 23; 19 d. e. 2;19 1; 23 8-Suppose an economy is faced with the production possibilities table shown in Exhibit 2 As additio produced, the opportunity cost in terms of sacrificed units of consumption goods because of of capital a. decreases; greater efficiency in production b. c. d. e. decreases; the law of increasing costs increases; decreasing opportunity cost increases; the law of increasing costs increases; greater efficiency in production
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