N5

QUESTION 42 CN Here are three things you could do if you choose not to go to class one day next week: sleep later (you value this at $15), hang out with friends (you value this at $14), or go in to work (you could earn $12 during class). The opportunity cost of going to class is $12, because this is the only alternative of the three where you actually receive a monetary payment. $12, because this is the lowest valued alternative forfeited OO $15, because this is the highest valued alternative forfeited $41, because this is the total dollar sum of the alternatives forfeited. 4 points Save AnswerQUESTION 41 For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian burger costs $3 + When deciding how much of each good to buy, Maria knows that 4 salads and 4 vegetarian burgers will give her a utility of 8, She also knows that at this level, her marginal utility per dollar spent is the same for both items. Maria's utility-maximizing point is. O 6 salads, 1 vegetarian burger 4 salads, 6 vegetarian burgers 4 salads, 4 vegetarian burgers O 2 salads, 8 vegetarian burgers