Jamie's Marginal Utility for Consuming Muffins and Doughnuts in Utils

question 42

Multiple Choice

Jamie's marginal utility for consuming muffins and doughnuts in utils are as follows.Jamie spends $4 for breakfast every morning,the price per muffin is $1.00 and the price per doughnut is $0.50. $$\begin{array} { | c | c | c | c | } \hline \text { Muffin/Day } & \begin{array} { c } \text { Marginal Utility } \\\text { per Muffin }\end{array} & \text { Doughnut/Day } & \begin{array} { c } \text { Marginal Utility } \\\text { per Doughnut }\end{array} \\\hline 1 & 45 & 2 & 20 \\\hline 2 & 30 & 4 & 15 \\\hline 3 & 25 & 6 & 10 \\\hline\end{array}$$
If Jamie consumes 3 muffins,what is Jamie's marginal utility per dollar from muffins?

• A) 6.25
• B) 7.5
• C) 25
• D) 15

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Definitions:

Denmark Vesey

An African American man who was most famous for planning a large slave rebellion in Charleston, South Carolina in 1822; the plot was discovered and Vesey was executed.

Slave Revolt

An armed uprising by enslaved people seeking freedom from servitude, notably seen in instances such as the Haitian Revolution or Nat Turner's rebellion.

1822

A specific year in the 19th century marked by various global historical events, lacking a singular defining characteristic without context.

1815

is the year marked by the end of the Napoleonic Wars with the defeat of Napoleon at the Battle of Waterloo.