Mandy gets utility from consuming nutella and doritos. Her utility function is of the following form: U = 75 Doritos + 37 Nutella The price of nutella is $70 per jar, the price of doritos is $18 per bag and her income is $4385 What is the MRS (doritos, nutella)?

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
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Mandy gets utility from consuming nutella and doritos. Her utility function is of the following form:
U = 75 Doritos + 37 Nutella
The price of nutella is $70 per jar, the price of doritos is $18 per bag and her income is $4385
What is the MRS (doritos, nutella)?
Transcribed Image Text:Mandy gets utility from consuming nutella and doritos. Her utility function is of the following form: U = 75 Doritos + 37 Nutella The price of nutella is $70 per jar, the price of doritos is $18 per bag and her income is $4385 What is the MRS (doritos, nutella)?
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