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April 16, 2014

Homework Help: economics

Posted by christina on Monday, October 19, 2009 at 10:39am.

If tbone steak cost 12.00 a lb and 1st util is 48, 2nd is 42, and 3rd util is 36 and we also buy ground round at 4.00 a lb and we derive 24 utils for the 1st lb, 16 for the second and 12 for the third and all we have to spend is 40.00 then how many lbs. of t-bone and ground round do we have to buy to be in consumer equilibrium ?

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