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28 June, 07:22

Assume the price of a hamburger is $2 and the price of a movie is $5, and the consumer's income is $29. if the consumer is in equilibrium, what is the marginal utility per last dollar spent on movies and hamburgers?

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  1. 28 June, 07:27
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    The marginal utility per last dollar spent on movies and hamburgers is : 2 hamburgers and 5 movies.

    Given : price of ha, burger is 2.00

    price of movie is 5.00

    (2x2) + (5x5) = 29
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