Suppose that Elif spends her income on shoes and outfits. The price of a shoe is 100/unit and the price of an outfit is 200/unit.   Q shoes   outfits     total utility marginal util. MU/Ps total utility marginal util. MU/Po 1 1000     1800     2 1700     3000     3 2000     4000     4 2200     4600       15) What is the quantity of shoes and outfits that maximizes Elif’s utility? a) 3 shoes and 3 outfits b) 4 shoes and 2 outfits c) 3 shoes and 4 outfits d) 4 shoes and 3 outfits

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A:

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Q: utility

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