Solved

Exhibit 6-2 Total Utility for Hamburgers, Fries, and Cokes -In Exhibit 6-2 Assume That the Price of Hamburgers Is

Question 269

Multiple Choice

Exhibit 6-2 Total utility for hamburgers, fries, and Cokes  T otal Utility  from Hamburgers  Total Utility  from Fries  Total Utility  from Cokes 1 hamburger (100 utils)  1 order of fries (30 utils)  1 Coke (40 utils)  2 hamburgers (180 utils)  2 orders of fries (50utils) 2 Cokes (60utils) 3 hamburgers (240 utils)  3 orders of fries 60utils) 3 Cokes (70utils) \begin{array} { | c | c | c | } \hline \begin{array} { c } \text { T otal Utility } \\\text { from Hamburgers }\end{array} & \begin{array} { c } \text { Total Utility } \\\text { from Fries }\end{array} & \begin{array} { l } \text { Total Utility } \\\text { from Cokes }\end{array} \\\hline 1 \text { hamburger (100 utils) } & 1 \text { order of fries (30 utils) } & 1 \text { Coke (40 utils) } \\2 \text { hamburgers (180 utils) } & 2 \text { orders of fries } ( 50 \mathrm { utils } ) & 2 \text { Cokes } ( 60 \mathrm { util } \mathrm { s } ) \\3 \text { hamburgers (240 utils) } & 3 \text { orders of fries } 60 \mathrm { utils } ) & 3 \text { Cokes } ( 70 \mathrm { utils } ) \\\hline\end{array}
-In Exhibit 6-2 assume that the price of hamburgers is $2 each, fries cost 50 cents each, and Cokes cost $1 each. What is the marginal utility of having a second order of fries?


A) 10 utils.
B) 20 utils.
C) 30 utils.
D) 50 utils.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions