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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)?

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)?

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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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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