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Business, 06.12.2019 21:31 ana2896

Simone 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 apple pie is priced at $4.50. at her current consumption point, simone's marginal rate of substitution (mrs) of jello for pie is 4. this means that simone is willing to trade four bowls of jello per week for one piece of pie per week. does simone current bundle maximize his utility?

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