a. Suppose Pepsi costs $.50 per can, pizza costs $1 per slice, and Anita has $9 to spend on food and drink. What combination of pizza and Pepsi will maximize her utility? b. If MU/P-8 for pizza and the MU/P = 5 for Pepsi, is Anita maximizing her utility? If not, what should she do to maximize her utility

a. Suppose Pepsi costs $.50 per can, pizza costs $1 per slice, and Anita has $9 to spend on food and drink. What combination of pizza and Pepsi will maximize her utility? b. If MU/P-8 for pizza and the MU/P = 5 for Pepsi, is Anita maximizing her utility? If not, what should she do to maximize her utility

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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