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    Exam 8: Utility and Demand
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    -Sarah Spends $100 a Year on Magazines and Ice Cream
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-Sarah Spends $100 a Year on Magazines and Ice Cream

Question 314

Question 314

Essay

  -Sarah spends $100 a year on magazines and ice cream. The table above shows her utility from each good. If the price of a magazine is $5 and the price of ice cream is $5 per gallon, how does Sarah spend the $100?
-Sarah spends $100 a year on magazines and ice cream. The table above shows her utility from each good. If the price of a magazine is $5 and the price of ice cream is $5 per gallon, how does Sarah spend the $100?

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Sarah buys 6 magazines and 14 ...

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