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MMLU-Pro / 7567 / Mrs. Johnson spends her entire daily budget on potato chips, at a price of …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Mrs. Johnson spends her entire daily budget on potato chips, at a price of 1each,andoniondipatapriceof1 each, and onion dip at a price of 2 each. At her current consumption bundle, the marginal utility of chips is 12 and the marginal utility of dip is 30. Mrs. Johnson should
Plain-text mathematical notation (without MathML)
Mrs. Johnson spends her entire daily budget on potato chips, at a price of 1each,andoniondipatapriceof2 each. At her current consumption bundle, the marginal utility of chips is 12 and the marginal utility of dip is 30. Mrs. Johnson should
Original LaTeX notation
Mrs. Johnson spends her entire daily budget on potato chips, at a price of $1 each, and onion dip at a price of $2 each. At her current consumption bundle, the marginal utility of chips is 12 and the marginal utility of dip is 30. Mrs. Johnson should

category

economics

options

  1. do nothing; she is consuming her utility maximizing combination of chips and dip.
  2. increase her consumption of chips until the marginal utility of chip consumption equals 30.
  3. decrease her consumption of dip until the marginal utility of dip consumption equals 12.
  4. increase her consumption of dip until the marginal utility of dip consumption equals 12.
  5. decrease her consumption of chips and increase her consumption of dip until the marginal utility per dollar is equal for both goods.
  6. decrease her consumption of dip and increase her consumption of chips until the marginal utility per dollar is equal for both goods.
  7. increase her consumption of both chips and dip until the marginal utility per dollar is equal for both goods.
  8. do nothing; she should continue consuming chips and dip at the current ratio.
  9. increase her consumption of dip until the marginal utility of dip consumption equals 24.
  10. decrease her consumption of chips until the marginal utility of chip consumption equals 30.

src

ori_mmlu-high_school_microeconomics

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Source and history

upstream_id / Original problem ID
7567
task_id
8779b7f6-d432-5365-b114-8017f7977b88
task_key
default--test--7567
task_revision_id
1
config / split
default / test

Official source

initial import