Ask Question
2 July, 12:30

Suppose you are at a restaurant and your favorite dish costs $20. You are willing to pay up to $17 for your next favorite dish. If your next-favorite dish gives you 100 utils, how many additional utils do you need from your favorite dish to spend the extra $3?

+5
Answers (1)
  1. 2 July, 16:04
    0
    I need an additional 17.646 utils.

    Explanation:

    Amount I am willing to pay for my next favorite dish is $17

    Number of utils that $17 can give me is 100

    Therefore, $1 would give me (100 : 17) utils = 5.882 utils

    To spend the extra $3, I need an additional utils of (5.882*3) = 17.646
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you are at a restaurant and your favorite dish costs $20. You are willing to pay up to $17 for your next favorite dish. If your ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers