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Title: A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and ... Post by: emma.locke16 on Aug 20, 2018 A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and the price of a movie is $6. The marginal utility of the last piece of pizza is 5 and the marginal utility of the last movie is 24. The consumer has
A) maximized utility. B) not maximized utility. He should cut back on movies and buy more pizza. C) not maximized utility. He should cut back on pizza and buy more movies. D) not maximized utility. He should cut back consumption of each good. Title: A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and ... Post by: sumik on Aug 20, 2018 B
Title: A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and ... Post by: emma.locke16 on Aug 20, 2018 This helps so much, thank you for responding so quickly...
Title: A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and ... Post by: sumik on Aug 20, 2018 No worries, I was online and bored :lol:
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