John Is Maximizing Utility When Consuming Two Goods: French Fries

question 120

True/False

John is maximizing utility when consuming two goods: French fries and hot dogs. If the marginal utility from the last box of fries John consumed is 60 and the marginal utility of the last hot dog John consumed is 120 and hot dogs cost $1.00 apiece, a box of fries must cost $0.50.

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Definitions:

KCN

Potassium cyanide, a highly toxic compound that can release cyanide ions in solution, used in various industrial processes and, historically, in gold mining.

CN-

The cyanide ion, a negatively charged molecule consisting of one carbon and one nitrogen atom, known for its high toxicity.

Cations

Positively charged ions that are formed when an atom loses one or more electrons.

Positive Charge

A type of electrical charge, typically carried by protons, that repels other positive charges and attracts negative charges.