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?

Question

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?

anonymous · Answer

is this price per unit for soda also?

goldrush18 · Answer

which price?