menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 3
  4. Exam
    Exam 4: Consumer Choice
  5. Question
    Lisa Consumes Only Pizzas and Burritos
Solved

Lisa Consumes Only Pizzas and Burritos

Question 3

Question 3

Essay

Lisa consumes only pizzas and burritos.In equilibrium,her marginal utility of pizza is 20 and her marginal utility of a burrito is 10.The price of a pizza is $4.What is the price of a burrito?

Correct Answer:

verifed

Verified

Related Questions

Q1: Joe's income is $500,the price of food

Q2: If income increases due to a decrease

Q4: Behavioral economists have discovered that<br>A) experimental design

Q5: Assume the price of beer is $4,the

Q6: Economists assume consumers select a bundle of

Q7: Diminishing marginal rate of substitution can be

Q8: What is the difference between ordinal and

Q9: If the utility function (U)between bananas (B)and

Q10: If two goods are perfect substitutes,then the

Q11: Some people view cosmetic surgery (c)and facials

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines