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Consumption of restaurant meals

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Brandon allocates his total monthly household expenditures between only two? goods, restaurant meals and? "all other? goods." Suppose the price of each restaurant meal is ?$40 and the price of each unit of? "all other? goods" is ?$10. In each case? below, assuming that Luc is maximizing his? utility, determine the marginal utility? (MU) received from the unmentioned good.

Fill in the blanks. (Show calculations)

A) The MU he is currently receiving from his consumption of restaurant meals 116. The MU he is currently receiving from his consumption of "all other goods" is ____

B) The MU he is currently receiving from his consumption of "all other goods" is 81. The MU he is currently receiving from his consumption of restaurant meals is ____

Reference no: EM131597976

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