mandinmark2763 mandinmark2763

07-07-2018
Business

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Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. if the consumer is in equilibrium, what is the marginal utility per last dollar spent on movies and hamburgers?

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lilaipo lilaipo

17-07-2018

The marginal utility per last dollar spent on movies and hamburgers is : 2 hamburgers and 5 movies.

Given : price of ha,burger is 2.00

price of movie is 5.00

(2x2)+(5x5) = 29

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