Miss Coco consumes cheese cake and curry puff. Her consumption yields the following total utility as shown in the given table. Miss Coco has RM52 to spend. Suppose that the prices of cheese cake and curry puff are RM8 and RM4, respectively. Quantity (units) Total Utility Cheese Cake Curry Puff 1 56 32 2 104 60 3 136 84 4 160 104 5 170 116 6 176 126 7 178 134 What is the total utility received by Miss Coco at equilibrium?
Miss Coco consumes cheese cake and curry puff. Her consumption yields the following total utility as shown in the given table. Miss Coco has RM52 to spend. Suppose that the prices of cheese cake and curry puff are RM8 and RM4, respectively. Quantity (units) Total Utility Cheese Cake Curry Puff 1 56 32 2 104 60 3 136 84 4 160 104 5 170 116 6 176 126 7 178 134 What is the total utility received by Miss Coco at equilibrium?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 5SQP
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- Miss Coco consumes cheese cake and curry puff. Her consumption yields the following total utility as shown in the given table. Miss Coco has RM52 to spend. Suppose that the prices of cheese cake and curry puff are RM8 and RM4, respectively.
Quantity (units) |
Total Utility |
|
Cheese Cake |
Curry Puff |
|
1 |
56 |
32 |
2 |
104 |
60 |
3 |
136 |
84 |
4 |
160 |
104 |
5 |
170 |
116 |
6 |
176 |
126 |
7 |
178 |
134 |
- What is the total utility received by Miss Coco at equilibrium?
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