Mike loves to eat burgers and chips at Burger King. His utility (happiness) from
ID: 2756992 • Letter: M
Question
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)?
Explanation / Answer
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) ?
Mike will buy burgers and orders of chips is ratio : 3 , 2 (with maximum happiness of 24 in total)