Mary is utilizing hot dogs and cokes at the bucs game

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Compute the marginal utility per dollar

Mary is consuming 3 hot dogs and 2 Cokes at the Bucs game. The marginal utility of the third hot dog is 60 utils and the marginal utility of the second Coke is 180 utils. The price of a hot dog is $1 and the price of a Coke is $4. From the information given, we can see that Mary consumed too many (hot dogs, Cokes) and too few (hot dogs, Cokes)

 

Reference no: EM1331541

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