Question
Sue consumes only 2 goods, food and clothing. The marginal utility of the last dollar she...
Sue consumes only 2 goods, food and clothing. The marginal utility of the last dollar she
spends on food is 12, and the marginal utility of the last dollar she spends on clothing is 9. The
price of food is $1.20/unit, and the price of clothing is $0.90/unit. Is sue maximizing her utility?
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