The Theory of Consumer Choice
Solutions
Steak | TU | MU | MU/P | MU/P | Shirts | TU | MU | MU/P | MU/P |
0
|
0
|
- | - | 0 | 0 | - | - | ||
1
|
150
|
150 | 25.00 |
15.00
|
1 | 200 |
200
|
20.00 | 20.00 |
2
|
290
|
140 | 23.33 |
14.00
|
2 | 350 |
150
|
15.00 | 15.00 |
3
|
390
|
100 | 16.67 |
10.00
|
3 | 480 |
130
|
13.00 | 13.00 |
4
|
470
|
80 | 13.33 |
8.00
|
4 | 580 |
100
|
10.00 | 10.00 |
5
|
530
|
60 | 10.00 |
6.00
|
5 | 660 |
80
|
8.00 | 8.00 |
6
|
580
|
50 | 8.33 |
5.00
|
6 | 700 |
40
|
4.00 | 4.00 |
P(Steak) | 6 | 10 | |||||||
P(Shirts) | 10 | 10 | |||||||
Choice | TU | TC | Balance | Choice | TU | TC | Balance | ||
Steak | 150 | 6.00 | 64 | Shirt | 200 | 10.00 | 60 | ||
Steak | 290 | 12.00 | 58 | Shirt | 350 | 20.00 | 50 | ||
Shirt | 490 | 22.00 | 48 | Steak | 500 | 30.00 | 40 | ||
Steak | 590 | 28.00 | 42 | Steak | 640 | 40.00 | 30 | ||
Shirt | 740 | 38.00 | 32 | Shirt | 770 | 50.00 | 20 | ||
Steak | 820 | 44.00 | 26 | Shirt | 870 | 60.00 | 10 | ||
Shirt | 950 | 54.00 | 16 | Steak | 970 | 70.00 | 0 | ||
Shirt | 1050 | 64.00 | 6 | ||||||
Steak | 1110 | 70.00 | 0 | ||||||
5Steaks+4Shirts | Consumer Equilibrium | 3Steaks+4Shirts | |||||||
Pizza | TU | MU | MU/P | MU/P | Soda | TU | MU | MU/P | MU/P |
0 | 0 | - | - | - | 0 | 0 | - | - | - |
1 | 100 | 100 | 25.00 | 25 | 1 | 40 | 40 | 20.00 | 40 |
2 | 160 | 60 | 15.00 | 15.00 | 2 | 70 | 30 | 15.00 | 30 |
3 | 200 | 40 | 10.00 | 10.00 | 3 | 95 | 25 | 12.50 | 25 |
4 | 230 | 30 | 7.50 | 7.50 | 4 | 115 | 20 | 10.00 | 20 |
5 | 250 | 20 | 5.00 | 5.00 | 5 | 133 | 18 | 9.00 | 18 |
6 | 265 | 15 | 3.75 | 3.75 | 6 | 150 | 17 | 8.50 | 17 |
7 | 275 | 10 | 2.50 | 2.50 | 7 | 165 | 15 | 7.50 | 15 |
8 | 280 | 5 | 1.25 | 1.25 | 8 | 175 | 10 | 5.00 | 10 |
9 | 284 | 4 | 1.00 | 1.00 | 9 | 183 | 8 | 4.00 | 8 |
10 | 287 | 3 | 0.75 | 0.75 | 10 | 190 | 7 | 3.50 | 7 |
P(Pizza) | 4 | 4 | |||||||
P(Soda) | 2 | 1 | |||||||
Choice | TU | TC | Balance | Choice | TU | TC | Balance | ||
Pizza | 100 | 4 | 16 | Soda | 40 | 1 | 19 | ||
Soda | 140 | 6 | 14 | Soda | 70 | 2 | 18 | ||
Soda | 170 | 8 | 12 | Soda | 95 | 3 | 17 | ||
Pizza | 230 | 12 | 8 | Pizza | 195 | 7 | 13 | ||
Soda | 255 | 14 | 6 | Soda | 215 | 8 | 12 | ||
Pizza | 295 | 18 | 2 | Soda | 233 | 9 | 11 | ||
Soda | 315 | 20 | 0 | Soda | 250 | 10 | 10 | ||
Pizza | 310 | 14 | 6 | ||||||
3Pizza + 4 Soda | Soda | 325 | 15 | 5 | |||||
Pizza | 365 | 19.00 | 1 | ||||||
Soda | 375 | 20.00 | 0 | ||||||
3Pizza + 8Soda | |||||||||