Lunch Questions

Gourmet Cafe Lunch Menu

Hamburger	$2.50
Bologna Sandwich	$1.50
French Fries	$1.50
Chili	$3.50
Garden Salad	$3.00
Milkshake	$4.00
Soft Drink	$1.00
Cookie	$ .25

Your lunch budget is $5.00.

If you have $5 with you, which items would you get for lunch?  Write down how many of each you would buy on a piece of paper under "Lunch: ".  

Quick Poll:

Hamburger	10
Bologna Sandwich	1
French Fries	15
Chili	1
Garden Salad	0
Milkshake	0
Soft Drink	13
Cookie	8

How did price serve as an incentive in choosing which items to eat for lunch?
How did price help you determine the value of items in making their purchase decisions?
Why did so few students choose __________ from the menu?  How did price act as a signal for that item?
Look at the number of people who bought cookies.  How did price act as a signal for that item?
How many bought more than one cookie?  Why?