Researchers have found that the preferences over cafeteria food take the following form: U = 71 PC + 114 FC-75 PZ - 40 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch How many dollars is the consumer willing to pay for an extra pork chop? (hint: make pork chops x1 and enter the number as positive DO NOT INPUT A NEGATIVE NUMBER)
QUESTION 19 Researchers have found that the preferences over cafeteria food take the following form: U = 152 PC + 154 FC - 184 PZ - 26 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch Given this information, what is MRS(pizza,pork chops)? (hint: this number could be positive or negative so pay atention to the signs)
QUESTION 20 Researchers have found that the preferences over cafeteria food take the following form: U = 190 PC +213 FC - 201 PZ - 21 Costs PC= number of pork chops FC= number of fried chicken pieces PZ = number of pizza slices Costs= cost in dollars of lunch How many pork chops is the consumer willing to give up to obtain one more piece of fried chicken? (hint: use MRS and make fried chicken x1 and enter this number as positive NO NEGATIVE NUMBERS)
