February 27, 2017

Homework Help: Economics

Posted by Leon on Monday, November 8, 2010 at 4:04pm.

Ashley is currently consuming 10 hot dogs and 8 hamburgers a week. The last hot dog she consumed yielded 20utils while the last hamburger she ate gave her 25utils. If hot dogs cost $2 and hamburgers cost $2.50, is Ashley consuming the correct quantities of these two goods to be in equilibrium?

I think it's yes because both hot dogs and hamburgers give her 10utils per dollar. Can someone please clear this up for me? Thanks.

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