Suppose that Omar s marginal utility for cups of coffee is constant at 3.5 utils per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the third he eats, and so on (that is, declining by 1 util per additional doughnut). In addition, suppose that coffee costs $1 per cup, doughnuts cost $1 each, and Omar has a budget that he can spend only on doughnuts, coffee, or both. How big would that budget have to be before he would spend a dollar buying a first cup of coffee?

### Recently Asked Questions

- I need help with parameterization in multiple scenarios. This is Cal 3 involving line integrals. A straight line segment in the plane from (1,1) to (2,4) The

- Please refer to the attachment to answer this question. This question was created from SUA Word. Additional comments: "Received office supplies from Chicago

- What are some examples of implicit and explicit bias?