ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Today, you've decided to treat yourself to some dessert, so you go to the store to buy a doughnut or a cupcake. The utilities of one doughnut and one cupcake are 1212 and 2424, respectively.

Given that the price of one doughnut is $6$⁢6, what should be the price of a cupcake to get the same utility per dollar spent? Enter your answer in the box below and round to two decimal places if necessary.
 
 
 
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