Clarke buys chocolate and candies each week at prices of $2 and 90 cents respectively. At present
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Clarke buys chocolate and candies each week at prices of $2 and 90 cents respectively. At present she is buying these two product in amount such that marginal utilities from the last units purchased of the two products are 65 and 55 units respectively. Is she buying the utility maximization combination of chocolate and candies? If not how should she reallocate her expenditure between the two goods
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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