Mathematics, 07.10.2019 20:00 lovely8458
Sally devotes all of her income to the consumption of apples and reese's peanut butter cups. at her current level of consumption, the marginal utility of an apple is 6 and the marginal utility of a reese's peanut butter cup is 8. assume that diminishing marginal utility applies to both apples and reese's peanut butter cups. suppose the price of an apple is $0.20 and the price of a reese's peanut butter cup is $0.25. to maximize her total utility, assuming that the goods are divisible, she would:
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Sally devotes all of her income to the consumption of apples and reese's peanut butter cups. at her...
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