Suppose tacos cost $3 each and hot dogs cost $2 each. The table below shows the marginal utility that Fred gets from consuming these two goods. Fill in the values in the marginal utility per dollar columns (MU/P) for each good. Marginal Utility Marginal Utility Marginal Utility Marginal Utility
of Tacos of Tacos per dollar Hot of Hot Dogs of Hot Dogs per
Tacos MU (P = $3) MU/P Dogs MUh Dollar (Ph = $2)
MUh/Ph
1 15 1 20
2 12 2 16
3 9 3 10
4 6 4 6
To maximize utility, if Fred has $12 to spend, he should consumetaco(s) andhot dog(s).

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?