HW due 9-28 - Coffee MU = 50 utils OJ cost = 25 cents/ounce...

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Lauren Nitahara Homework Due 9/28 Chapter 5 Page 137 #2,3,5-7,9 2. The marginal utility from the last swallowed bite at a restaurant should be equal or  greater than the second to last bite. 3.  OJ MU = 75 utils
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Unformatted text preview: Coffee MU = 50 utils OJ cost = 25 cents/ounce Coffee cost = 20 cents/ounce Is Martha maximizing her total utility from the two beverages? If not, how should she rearrange her spending? 5....
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This note was uploaded on 04/29/2008 for the course ECON 160 taught by Professor Khan during the Spring '08 term at Hobart and William Smith Colleges.

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