Examlex

Solved

After Getting an a on Your Economics Exam, You Decide

question 86

Essay

After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to celebrate.You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas.Use the rule of equal marginal utility per dollar to determine which one to purchase: (a)the chimichanga for $8 which gives you 120 units of utility, or (b)the enchiladas for $15 which gives you 195 units of utility?


Definitions:

Fat Clients

Computers that offer full functionality without having to connect to a network.

Locally Installed Software

Computer programs that are downloaded and installed directly on a user's computer or server, as opposed to being accessed online.

Human Data-entry Technology

Refers to the process or systems where human operators input data into computer systems, databases, or applications.

Optical Mark Reader

A device used to read marks made on paper, such as the filled bubbles on multiple choice test papers, by sensing the presence or absence of marks at specific positions.

Related Questions