Bill uses his entire budget to purchase pepsi and hamburgers, and he currently purchases no pepsi and 6 hamburgers per week. the price of pepsi is $1 per can, the price of a hamburger is $2, bill's marginal utility from pepsi is 2, and his marginal utility from hamburgers is 6. is bill's current consumption decision optimal

The answer is: Yes, Bill's consumption decision is optimal.

Explanation:

Bill's marginal utility from consuming Pepsi is 2 units and Pepsi costs $1. So for every dollar Bill spends in Pepsi, he gets 2 units of utility.

Bill's marginal utility from consuming hamburgers is 6 units and each hamburger costs $2. So for every dollar Bill spends in hamburger, he gets 3 units of utility.

Bill's total budget is $12, and he gets 36 units of utility by consuming hamburgers. If he consumed Pepsi, he would get only 24 units of utility with the same budget.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; organization;