Consumption of restaurant meals

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Brandon allocates his total monthly household expenditures between only two? goods, restaurant meals and? "all other? goods." Suppose the price of each restaurant meal is ?$40 and the price of each unit of? "all other? goods" is ?$10. In each case? below, assuming that Luc is maximizing his? utility, determine the marginal utility? (MU) received from the unmentioned good.

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A) The MU he is currently receiving from his consumption of restaurant meals 116. The MU he is currently receiving from his consumption of "all other goods" is ____

B) The MU he is currently receiving from his consumption of "all other goods" is 81. The MU he is currently receiving from his consumption of restaurant meals is ____

Reference no: EM131597976

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