A community for students. Sign up today!
Here's the question you clicked on:
← 55 members online
 0 viewing
 2 years ago
shauna spends all her income on two(2) products, soda and banana chips. The marginal utility for the last unit of soda is 50 utils and that of chips is 40 utils. The price of soda is $20 and the price per unit of banana chips is $10.
a) Is shauna currently maximizing her utility? explain
b) What should shauna do to maximize her utility?
 2 years ago
shauna spends all her income on two(2) products, soda and banana chips. The marginal utility for the last unit of soda is 50 utils and that of chips is 40 utils. The price of soda is $20 and the price per unit of banana chips is $10. a) Is shauna currently maximizing her utility? explain b) What should shauna do to maximize her utility?

This Question is Closed

Edutopia
 2 years ago
Best ResponseYou've already chosen the best response.0is this price per unit for soda also?
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.