Liz spends all her income and consumes 3 ice cream cones and 2 milkshakes per week. The marginal utility per dollar of the ice cream cones is 12 and the marginal utility per dollar of milkshakes is 9. In order to maximize utility, Liz should consume:
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Home » Business » Liz spends all her income and consumes 3 ice cream cones and 2 milkshakes per week. The marginal utility per dollar of the ice cream cones is 12 and the marginal utility per dollar of milkshakes is 9.