Popcorn Soda Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent 0 0 ---------- ---------- 0 0 ---------- ---------- 1 75 1 59 2 135 2 107 3 238 3 220 4 272 4 284 5 322 5 309 The above table shows the total utility Emily gets from popcorn and from soda. The price of a popcorn is $0.52 and the price of a soda is $1.75. Emily has $6 to spend on these two products. What is the marginal utility per dollar spent of the 3rd bag of popcorn?
Popcorn Soda Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent Quantity Total Utility Marginal Utility Marginal Utility Per Dollar Spent 0 0 ---------- ---------- 0 0 ---------- ---------- 1 75 1 59 2 135 2 107 3 238 3 220 4 272 4 284 5 322 5 309 The above table shows the total utility Emily gets from popcorn and from soda. The price of a popcorn is $0.52 and the price of a soda is $1.75. Emily has $6 to spend on these two products. What is the marginal utility per dollar spent of the 3rd bag of popcorn?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
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Popcorn | Soda | ||||||
Quantity | Total Utility | Marginal Utility Per Dollar Spent | Quantity | Total Utility | Marginal Utility | Marginal Utility Per Dollar Spent | |
0 | 0 | ---------- | ---------- | 0 | 0 | ---------- | ---------- |
1 | 75 | 1 | 59 | ||||
2 | 135 | 2 | 107 | ||||
3 | 238 | 3 | 220 | ||||
4 | 272 | 4 | 284 | ||||
5 | 322 | 5 | 309 |
The above table shows the total utility Emily gets from popcorn and from soda. The price of a popcorn is $0.52 and the price of a soda is $1.75. Emily has $6 to spend on these two products. What is the marginal utility per dollar spent of the 3rd bag of popcorn?
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