ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Marla has $7.00 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three Items: muffins at
$2.00 each, soup at $1.00, and cappuccinos at $1.50 each.
a) Given her total utility figures in table below, Complete the MU columns. Round your answers to whole numbers.
Quantity
1
2
3
4
5
Muffins
TU
65
125
155
165
170
Muffins
MU
b) How should she allocate her budget?
Muffin(s)
CA
Soup:
Muffins
MU per $
Soup
TU
60
100
130
150
152
Soup
MU
Soup MU
per $
Cappuccinos
TU
125
185
230
270
286
Cappuccinos
MU
Cappuccinos
MU per $
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Transcribed Image Text:Marla has $7.00 to spend on breakfast. Unfortunately, the snack bar in the building where she works has only three Items: muffins at $2.00 each, soup at $1.00, and cappuccinos at $1.50 each. a) Given her total utility figures in table below, Complete the MU columns. Round your answers to whole numbers. Quantity 1 2 3 4 5 Muffins TU 65 125 155 165 170 Muffins MU b) How should she allocate her budget? Muffin(s) CA Soup: Muffins MU per $ Soup TU 60 100 130 150 152 Soup MU Soup MU per $ Cappuccinos TU 125 185 230 270 286 Cappuccinos MU Cappuccinos MU per $
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