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)?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
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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 dontos 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 dontos is $18 per bag and her income is $4385 What is the MRS(doritos, nutella)?
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