Question
Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. if the consumer is in equilibrium, what is the marginal utility per last dollar spent on movies and hamburgers?
Asked by: USER3835
221 Viewed
221 Answers
Answer (221)
The marginal utility per last dollar spent on movies and hamburgers is : 2 hamburgers and 5 movies.
Given : price of ha,burger is 2.00
price of movie is 5.00
(2x2)+(5x5) = 29