Multiple Choice
Joe is maximizing utility by consuming three colas at $2 apiece and four hot dogs at $3 apiece. The last cola gave him 200 units of utility. How many units of utility did the last hot dog give him?
A) 133.33
B) 300
C) 10
D) 600
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q86: When marginal utility of consuming a good
Q87: As long as total utility is increasing,
Q88: When the ratios of the marginal utility
Q89: Refer to the graph shown. Between points
Q90: The use of expensive cars and yachts
Q92: The last Big Mac that Eva consumes
Q93: Refer to the graph shown. Between points
Q94: The principle of diminishing marginal utility states
Q95: The theory of bounded rationality suggests that
Q96: What is the marginal utility of