Alicia consumes goods X and Y. At her current consumption bundle, Alicia's marginal utility of the two goods are MUX-39 utils/unit and MUY-39 utils/unit. The prices of two goods are PX-$19/unit and PY-$15/unit. Please find the marginal utility per dollar of the good to which Alicia should reallocate more money. [Hints/Example)

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
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Alicia consumes goods X and Y. At her current consumption bundle, Alicia's marginal utility of the two goods are MUX-39 utils/unit and MUY-39 utils/unit. The prices
of two goods are PX-$19/unit and PY-$15/unit. Please find the marginal utility per dollar of the good to which Alicia should reallocate more money.
[Hints/Example)
Transcribed Image Text:Alicia consumes goods X and Y. At her current consumption bundle, Alicia's marginal utility of the two goods are MUX-39 utils/unit and MUY-39 utils/unit. The prices of two goods are PX-$19/unit and PY-$15/unit. Please find the marginal utility per dollar of the good to which Alicia should reallocate more money. [Hints/Example)
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