Khanh.enjoys toffees and hot chocolate.. Below is the total utility she gets from each.good. Quantity 1 2 3 4 5 0 2 A 2 10 Total utility from toffee 80 140 180 210 230 240 246 249 252 253 Total utility from hot chocolate 40 25 106 116 121 123 124 123 120 115 Khanh has $50 a month to spend. The price of hot chocolate is $10, and the price of toffee is $5. According to this her optimal consumption bundle will have units of toffee
Khanh.enjoys toffees and hot chocolate.. Below is the total utility she gets from each.good. Quantity 1 2 3 4 5 0 2 A 2 10 Total utility from toffee 80 140 180 210 230 240 246 249 252 253 Total utility from hot chocolate 40 25 106 116 121 123 124 123 120 115 Khanh has $50 a month to spend. The price of hot chocolate is $10, and the price of toffee is $5. According to this her optimal consumption bundle will have units of toffee
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 13PA
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