Susie spends $28 a week on sundaes and magazines. The price of a sundae is $4 and
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Susie spends $28 a week on sundaes and magazines. The price of a sundae is $4 and the price of a magazine is $4. The table shows Susie’s marginal utility from sundaes and magazines. How many sundaes does she buy? If the price of a sundae doubles to $8 and other things remain the same, how many sundaes will she buy? What are two points on her demand curve for sundaes?
Transcribed Image Text:
Quantity Marginal per week utility 60 56 50 42 32 20 - 2 Sundaes 3456N Magazines Quantity Marginal per week utility 40 32 28 25 23 22 I 2 345WN 6
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When the price of a sundae is 4 Susie buys 5 sundaes She also ...View the full answer
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