Styles Deanne Drayton January 29, 2019 ECO 102 Professor Ealzone Week 2 Homework Pg. 149 #2...
Mrs. Simpson buys loaves of bread and quarts of milkhh each week at prices of S and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively. Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallocate her expenditures between the two goods?
be found in a connect 2. Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively. Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallo- cate her expenditures between the two goods? LO7.2 T...