Question: Study Problem - 3 - Erika has a dilemma - What IF the prices for the snacks are $1.85 for potato chips, 1.40 for cheese

Study Problem - 3 - Erika has a dilemma - What IF the prices for the snacks are $1.85 for potato chips, 1.40 for cheese whirls and $1.50 for nacho chips - Using the same Marginal Utilities and if she could only buy ONE which snack would she buy

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1. What is the meaning of the information we are collecting?

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2. What types of information are we collecting?