A consumer called Gingona usually buys DVDs (films) and music CDs, DVDs cost 3000 u.m each...
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A consumer called Gingona usually buys DVDs (films) and music CDs, DVDs cost 3000 u.m each CD costs 3500 u.m. a) The marginal utility of DVDS is equal to 10 and CDs is 20. Is Gingona maximizing its usefulness? Justify your answer? b) How should you change your consumption choices in order to increase your utility? A consumer called Gingona usually buys DVDs (films) and music CDs, DVDs cost 3000 u.m each CD costs 3500 u.m. a) The marginal utility of DVDS is equal to 10 and CDs is 20. Is Gingona maximizing its usefulness? Justify your answer? b) How should you change your consumption choices in order to increase your utility?
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