The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda are the only goods and the price of a mini pizza is $1 and the price of a soda is $.50, how many of each will maximize utility if you have $4 for lunch? Number Number Marginal Utility Marginal Utility of of Pizzas Sodas 1 10 1 6. 2 2 3 4 1 4 2 4 1

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1. Calculate the marginal utility per dollar for sodas.
The table below shows the marginal utility from
consuming mini pizzas and sodas. If pizzas and soda
are the only goods and the price of a mini pizza is $1
and the price of a soda is $.50, how many of each will
maximize utility if you have $4 for lunch?
Number
Number
Marginal
Utility
Marginal
Utility
of
of
Pizzas
Sodas
1
10
1
6.
3
4
1
4
4
1
5
Transcribed Image Text:The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda are the only goods and the price of a mini pizza is $1 and the price of a soda is $.50, how many of each will maximize utility if you have $4 for lunch? Number Number Marginal Utility Marginal Utility of of Pizzas Sodas 1 10 1 6. 3 4 1 4 4 1 5
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