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)?
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 4P
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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)?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37d1a40a-61d4-4f77-9688-d73090940e72%2F57bd8544-5f39-4b02-802d-ae6400c55f59%2F0epabph_processed.jpeg&w=3840&q=75)
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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