a.) 3 Chicken Fajitas; 2 Cheese Quesadillas O b.) 2 Chicken Fajitas; 2 Cheese Quesadillas c.) 1 Chicken Fajita; 1 Cheese Quesadilla d.) 3 Chicken Fajitas; 1 Cheese Quesadilla With a total budget available of $56.00, what does the utility-maximizing rule tell you the optimal quantity of Chicken Fajitas and Cheese Quesadillas is? Chicken Price Cheese Fajitas $14.00 Quesadillas Marginal Total Quantity Marginal Utility Utility Quantity (5) (1) Utility (3) per the (2) Price (4) 0 1 0 0 222 22 22 22 +1.57 1 2 43 33 21 +1.50 2 3 63 20 F 4 81 18 1000 +1.43 3 +1.00 4 5 97 16 +1.14 5 6 105 8 +0.57 6 7 100 -5 -0.36 7

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Related questions
Question
a.) 3 Chicken Fajitas; 2 Cheese
Quesadillas
O
b.) 2 Chicken Fajitas; 2 Cheese
Quesadillas
c.) 1 Chicken Fajita; 1 Cheese
Quesadilla
d.) 3 Chicken Fajitas; 1 Cheese
Quesadilla
Transcribed Image Text:a.) 3 Chicken Fajitas; 2 Cheese Quesadillas O b.) 2 Chicken Fajitas; 2 Cheese Quesadillas c.) 1 Chicken Fajita; 1 Cheese Quesadilla d.) 3 Chicken Fajitas; 1 Cheese Quesadilla
With a total budget available of $56.00,
what does the utility-maximizing rule tell
you the optimal quantity of Chicken Fajitas
and Cheese Quesadillas is?
Chicken
Price
Cheese
Fajitas
$14.00 Quesadillas
Marginal
Total
Quantity
Marginal
Utility
Utility
Quantity (5)
(1)
Utility (3) per the
(2)
Price (4)
0
1
0
0
222
22
22
22
+1.57
1
2
43
33
21
+1.50
2
3
63
20
F
4
81
18
1000
+1.43
3
+1.00
4
5
97
16
+1.14
5
6
105
8
+0.57
6
7
100
-5
-0.36
7
Transcribed Image Text:With a total budget available of $56.00, what does the utility-maximizing rule tell you the optimal quantity of Chicken Fajitas and Cheese Quesadillas is? Chicken Price Cheese Fajitas $14.00 Quesadillas Marginal Total Quantity Marginal Utility Utility Quantity (5) (1) Utility (3) per the (2) Price (4) 0 1 0 0 222 22 22 22 +1.57 1 2 43 33 21 +1.50 2 3 63 20 F 4 81 18 1000 +1.43 3 +1.00 4 5 97 16 +1.14 5 6 105 8 +0.57 6 7 100 -5 -0.36 7
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