Superb Professors

Every week Nasir consumes 17 bowls of rice, which cost $4.75 each,
and 42 cups of vegetables, which cost $3.50 each. His marginal utility of bowls of rice at that point is 12.5 and his marginal utility of cups of vegetables is 10.25.
A. Comment on Nasir’s choice and illustrate on a graph (rice on y axis)
B. If everyone is like Nasir and you sell rice, what are the implications for your business?
 
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The post Every week Nasir consumes 17 bowls of rice, which cost $4.75 each, and 42 cups of vegetables, which cost $3.50 each. His marginal utility of bowls of rice at that point is 12.5 and his marginal utility of cups of vegetables is 10.25. appeared first on Superb Professors.

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