Question

The utility function for Sprite and Pepsi is given by U = 2QS+1QP. Price of both...

  1. The utility function for Sprite and Pepsi is given by U = 2QS+1QP. Price of both of them equals $3 each.
    1. What is the Marginal Utility of consuming Sprite? Pepsi?
    2. At what quantities of Sprite and Pepsi will the consumer maximize satisfaction?

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