Sign in A G- MindTap - Cengage Learning + https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5813538219621591114194498&elSBN=978133... A CENGAGE | MINDTAP Homework: Consumer Choice: Maximizing Utility and Behavioral Economics (Ch 20) Back to Assignment Attempts Keep the Highest / 2 4. Balancing utility and price Suppose Musashi has to choose between purchasing jewelry and juice. Which of the following is the utility-maximizing rule that Musashi should follow while choosing the optimal quantities of these two goods? (Note: In the answer options that follow, MU stands for "marginal utility.") MU of Juice Price of Juice MU of Jewelry Price of Jewelry (MU of Juice) (Price of Juice) = (MU of Jewelry) (Price of Jewelry) MU of Juice = MU of Jewelry MU of Juice Price of Jewelry MU of Jewelry Price of Juice Search this course ? Since juice costs little and jewelry is expensive, it must follow that when people choose their optimal quantities of juice and jewelry to purchase, the marginal utility they receive from the last gallon of juice they buy is than the marginal utility they receive from the last piece of jewelry they buy. Grade It Now Save & Continue Continue without saving i A-Z bongo A+ + 10:01 PM