Examlex

Solved

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

question 22

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.  Muffin/Day  Marginal Utility  per Muffin  Doughnut/Day  Marginal Utility  per Doughnut 145220230415325610\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}
What is Jamie's optimal combination of muffins and doughnuts?


Definitions:

Prosocial Behavior

Behaviors that are intended to benefit others, including acts of kindness, helping, and generosity.

Illegal Behavior

Refers to actions that are prohibited by law due to their harmful effects on individuals or society as a whole.

Aggressive Thoughts

Refers to mental content that involves intentions, desires, or fantasies about harming others.

Benefit People

Actions or measures that improve the welfare or well-being of individuals or communities.

Related Questions