Business, 01.11.2019 02:31 hotsaucerman567

Becky lives in miami and loves to eat desserts. she spends her entire weekly allowance on jello and pie. a bowl of jello is priced at $1.50, and a piece of pecan pie is priced at $4.50. at her current consumption point, becky's marginal rate of substitution (mrs) of jello for pie is 5. this means that becky is willing to trade five bowls of jello per week for one piece of pie per week. does lucia's current bundle maximize her utility—in other words, make her as well off as possible? if not, how should she change it to maximize her utility? lucia's current bundle maximizes her utility, and she should keep it unchanged. lucia could increase her utility by buying more yogurt and less pie per week. lucia could increase her utility by buying less yogurt and more pie per week.

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Becky lives in miami and loves to eat desserts. she spends her entire weekly allowance on jello and...

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