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Author Question: Optimal Consumer ChoiceMeaghan has a budget of $390 a year to spend on jeans and shoes. The table ... (Read 79 times)

olsonmanny@gmail.com

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on: Nov 23, 2022
Optimal Consumer Choice

Meaghan has a budget of $390 a year to spend on jeans and shoes. The table shows her marginal utility from each good.

Quantity per WeekMarginal Utility from JeansMarginal Utility from Shoes
1540​480​
2450​420​
3360​360​
4180​300​
5180​240​
If the price of a pair of jeans is $90 and the price of a pair of shoes is $120, how does Meaghan allocate her budget between jeans and shoes?
◦ 3 pairs of jeans, 1 pair of shoes
◦ 4 pairs of jeans, 3 pairs of shoes
◦ 5 pairs of jeans, 5 pairs of shoes
◦ 2 pairs of jeans, 2 pairs of shoes
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by olsonmanny@gmail.com on Nov 23, 2022

khudija

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olsonmanny@gmail.com

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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