subject
Mathematics, 28.03.2020 04:01 goeringwilliam6974

Suppose that Sam allocates his income between milk and cereal. Milk costs $2.50/gallon and cereal costs $5.00/box. Sam has $50/week to spend on these two goods. The table shows Sam's preference for consumption bundles as well as how Sam's marginal utility ( M U ) for milk and cereal, respectively, varies as consumption variesGiven the information provided here, how should Sam allocate his income between milk and cereal?

As this is his optimal consumption bundle, Sam should purchase

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:00
What are the critical values that correspond to a 95% confidence level and a sample size of 93? a. 65.647, 118.136 b. 59.196, 128.299 c. 57.143, 106.629 d. 69.196, 113.145
Answers: 3
question
Mathematics, 21.06.2019 16:30
Abby is preparing fruit punch for her party. she starts with a bowl filled with liquid that has 1/2 fruit juice and 1/2 sprite, but she decides it's too fruity. so she pours out 1/4 of the liquid, and then fills the bowl up again with sprite. what fraction of the punch is now sprite?
Answers: 1
question
Mathematics, 21.06.2019 19:30
Solve the following simultaneous equation by using an algebraic method (either substitution or elimination) 2x + 3y=-4 4x-y=11
Answers: 1
question
Mathematics, 21.06.2019 20:30
Given: klmn is a parallelogram m? n=3m? k, lf ? kn , ld ? nm kf=2 cm, fn=4 cm find: lf, ld
Answers: 1
You know the right answer?
Suppose that Sam allocates his income between milk and cereal. Milk costs $2.50/gallon and cereal co...
Questions
question
Social Studies, 17.07.2019 23:30
question
History, 17.07.2019 23:30
Questions on the website: 13722363