Takehome Quiz 3 Utility Econ 6005[1]

Takehome Quiz 3 Utility Econ 6005[1] - XManagerial...

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XManagerial Economics MGNT 6005 Quiz 3, spring 2008 Honor Code Applies – Do not talk to your classmates 1. Suppose Bill is on low carbohydrate diet. He can only consume three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill is allowed to consume only 167 grams of carbohydrates daily. Rice Krispies, cottage cheese, and popcorn provide 25, 6, 10 grams of carbohydrates per cup, respectively. How many cups of each food will he consume daily? Show your work for full credit. Units of MU Rice Krispies MU Cottage cheese MU Popcorn Food (Cups/day) 1 175 72 90 2 150 66 80 3 125 60 70 4 100 54 60 5 75 48 50 6 50 36 40 7 25 30 30 8 25 18 20 Units of Food (Cups/day) MU Rice Krispies Carbohydrates per cup MU/25 1 175 25 7 2 150 50 6 3 125 75 5 4 100 100 4 5 75 125 3 6 50 150 2 7 25 175 1 8 25 200 1
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Units of Food (Cups/day) MU Cottage cheese carbohydrates per cup MU/6 1 72 6 12 2 66 12 11 3 60 18 10 4 54 25 9 5 48 30 8 6 36 36 6 7 30 42
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Takehome Quiz 3 Utility Econ 6005[1] - XManagerial...

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