Ashley is currently consuming 10 hot dogs and 8 hamburgers per week. The last hot dog she consumed yielded 20 utils while the last hamburger she ate gave her 25 utils. If hot dogs cost $2 and hamburgers cost $2.50, is Ashley consuming the correct quantities of these two goods to be in consumer equilibrium?

Question

Kiana Raymond

Business

16 August, 16:00

Ashley is currently consuming 10 hot dogs and 8 hamburgers per week. The last hot dog she consumed yielded 20 utils while the last hamburger she ate gave her 25 utils. If hot dogs cost $2 and hamburgers cost $2.50, is Ashley consuming the correct quantities of these two goods to be in consumer equilibrium?

+5

Answers (1)

Know the Answer?

Madisyn Grimes · Answer 1

Possible options;

a. No, she should consume more hamburgers and fewer hot dogs.

b. No, she should consume more hot dogs and fewer hamburgers.

c. Yes, so there is no need to change her eating habits.

d. There is not enough information to answer the question.

Answer is C