Rebeca spends $ 42 a week on lunches and magazines The price of a lunch is $ 6 and the price of the magazines is $ 6 Calculate: a) How many lunches a week does Rebeca buy? b) If the price of lunches...

Rebeca spends $ 42 a week on lunches and magazines The price of a lunch is $ 6 and the price of the magazines is $ 6

Calculate:

a) How many lunches a week does Rebeca buy?

b) If the price of lunches doubles to $ 12 (everything else stays the same), how many lunches would you buy?

c) Mention two points in your lunch demand curve

The following table shows the marginal utility of lunches and magazines

Lunch                                                 Magazines

Quantity by Week    Marginal Utilty   Quantity by Week   Marginal Utilty

 1                                    90                         1                        60

 2                                    84                         2                        48

 3                                    75                         3                        42

 4                                    63                         4                        37

 5                                    48                         5                        34

 6                                    30                         6                        33