So, if a taco costs $20 and a taco with two burritos costs $30, simple logic will lead you to the conclusion that each burrito costs $5 (20 + 5 + 5 = $30) Because pepper is included in the final line of the calculation, it throws you for a curve ball. If burrito (5) – pepper (X) = 3, then pepper must equal 2 (5 – X = 3; X = 2). If pepper equals 2, then burrito must equal 2.
How many utils does a burrito and a Margarita cost?
Nancy is indulging in a taco and a margarita, which is her ideal consumption bundle. Her previous taco had a marginal value of 75 utils, and each burrito costs $3, thus it was a good deal. The marginal value of her final margarita was 100 utils, according to her calculations.
How long does it take you to answer a math problem?
Consider the following scenario: you spent an average of 20 minutes answering an ECON issue and 40 minutes answering a MATH problem. If you just had a limited amount of time left to study, the ideal method would be to complete the following problems: Very good work! You’ve just finished studying 31 terms!
How many consumption points does Pepsi and Dr Pepper have?
Pepsi and Dr Pepper are represented by two budget lines and six consumption points (designated as A, B, C, D, E, and F) on the graph.It is important to note that budget line 1 is drawn before the rise in Fred’s income, but budget line 2 is drawn after the increase in Fred’s income Assume that the customer, Fred, tries to maximize his utility by spending all of his money on the two items at the same time.a.
Which curve shows the total utility of pizza slices?
The total utility (TU) curve depicts the total utility supplied by the eating of pizza slices in a series of bite-sized portions. Place the points a, b, c, and d of the marginal utility curve on the pizza slice to represent the marginal utility of a piece of pizza. Poppy like spicy foods such as chili peppers.