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1
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Suppose that the price of a plate of sushi is $10 and that Jan's marginal utility is 8, while Jin's marginal utility is 12. What can be deduced from this information?
A)Jin should buy the sushi, but Jan should not.
B)Jin likes sushi better than Jan does.
C)Jan's MU per $ spent on sushi is greater than Jin's.
D)No deductions can be made from this information.
2
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Assume that pastries cost $4 each. What are the missing numbers in the MU column for pastries?
A)15, 6.25, 2.92, 1.31, 0.80, 0.42, 0
B)15, 25, 26.25, 21, 20, 15, 0
C)120, 90, 65, 45, 25, 23, 10
D)60, 50, 35, 21, 16, 10, 0
3
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Assume that the price of a latté is $5 and pieces of pastry are $4 each. If Kyle has $36 to spend, how many units of each will he buy in order to maximize his TU?
A)2 lattés and 6 pieces of pastry
B)3 lattés and 5 pieces of pastry
C)4 lattés and 4 pieces of pastry
D)5 lattés and 3 pieces of pastry





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