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Category > Business & Finance Posted 07 Jun 2017 My Price 11.00

Mike loves to eat burgers and chips at Burger King. His utility (happiness) from these two fast foods is listed as follows:

Mike loves to eat burgers and chips at Burger King. His utility (happiness) from these two fast foods is listed as follows:

Burgers: 1/5 2/9 3/13 4/15 5/17 6/18

Chips: 1/8 2/11 3/12 4/13 5/14 6/14.5

where the first value reports the number of bugers or chips consumed, and the second number reports the total amount of happiness that number provides. For example, 4/15 means that if 4 burgers are consumed, Mike will enjoy 15 units of happiness.

If each burger and each order of chips cost $5 each, and if Mike has $25, Mike will buy how many burgers (the first number listed) and how many orders of chips (the second number listed)?

    5, 0
    4, 1
    3, 2
    2, 3
    None of the Above

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Homework Helper
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Status NEW Posted 07 Jun 2017 06:06 AM My Price 11.00

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