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A consumer is stocking up on sodas and sports drinks at the dollar store. As you might expect at a dollar store, each bottle of each drink costs $1, and the consumer has a $10 bill to spend. Based on the table below showing the consumer's marginal utilities, find the optimal consumption bundle. The optimal consumption bundle will be sodas and sports drinks. Quantity of a Marginal utility of Marginal utility of a soda a sports drink good 1 2 10 8 8 7 3 6 6 4 5 5 5 4 4 6 3 3 7 2 2

A consumer is stocking up on sodas and sports drinks at the dollar store. As you might expect at a dollar store, each bottle of each drink costs $1, and the consumer has a $10 bill to spend. Based on the table below showing the consumer's marginal utilities, find the optimal consumption bundle. The optimal consumption bundle will be sodas and sports drinks. Quantity of a Marginal utility of Marginal utility of a soda a sports drink good 1 2 10 8 8 7 3 6 6 4 5 5 5 4 4 6 3 3 7 2 2

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A consumer is stocking up on sodas and sports drinks at the dollar store. As you might expect at a dollar store, each bottle of each drink costs $1, and the consumer has a $10 bill to spend. Based on the table below showing the consumer's marginal utilities, find the optimal consumption bundle. The optimal consumption bundle will be sodas and sports drinks. Quantity of a Marginal utility of Marginal utility of a soda a sports drink good 1 2 10 8 8 7 3 6 6 4 5 5 5 4 4 6 3 3 7 2 2
Transcribed Image Text:A consumer is stocking up on sodas and sports drinks at the dollar store. As you might expect at a dollar store, each bottle of each drink costs $1, and the consumer has a $10 bill to spend. Based on the table below showing the consumer's marginal utilities, find the optimal consumption bundle. The optimal consumption bundle will be sodas and sports drinks. Quantity of a Marginal utility of Marginal utility of a soda a sports drink good 1 2 10 8 8 7 3 6 6 4 5 5 5 4 4 6 3 3 7 2 2
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