Chapter_5_2

Chapter_5_2 - Demand Demand Consumer Decision over One Good...

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Unformatted text preview: Demand Demand Consumer Decision over One Good Consumer Decision over One Good Total Utility and Marginal Utility from Eating Pizza NUMBER OF SLICES OF PIZZA TOTAL UTILITY FROM EATING PIZZA MARGINAL UTILITY FROM THE LAST SLICE -- 1 20 20 2 36 16 3 46 10 4 52 6 5 54 2 6 7 51 46- 3-5 If you have enough money to buy as many slices of pizza as you want, how many slices should you order? What if you only have $8 and the price of pizza is $2 a slice? What if you have $15 and the price of pizza is $2 a slice? Consumer Decision over Two Goods Consumer Decision over Two Goods Total Utility and Marginal Utility from Eating Pizza and Drinking Coke NUMBER OF SLICES OF PIZZA TOTAL UTILITY FROM EATING PIZZA MARGINAL UTILITY FROM THE LAST SLICE NUMBER OF CUPS OF COKE TOTAL UTILITY FROM DRINKING COKE MARGINAL UTILITY FROM THE LAST CUP -- -- 1 20 20 1 20 20 2 36 16 2 35 15 3 46 10 3 45 10 4 52 6 4 50 5 5 54 2 5 53 3 6 51- 3 6 52- 1 If there is no budget constraint, how many slices of pizza and how many cups of coke should you order?...
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This note was uploaded on 04/28/2011 for the course ECON 1 taught by Professor Tang during the Spring '08 term at UCSD.

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Chapter_5_2 - Demand Demand Consumer Decision over One Good...

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