"Ella consumes positive quantities of both jam and juice. The price of jam is 5 cents per unit and the price of juice is 10 cents per unit. Her marginal utility of jam is 10 and her marginal utility of juice is 5." a. Without changing her total expenditures, she could increase her utility by consuming more juice and less jam. b. Without changing her total expenditures, she could increase her utility by consuming more jam and less juice.

"Ella consumes positive quantities of both jam and juice. The price of jam is 5 cents per unit and the price of juice is 10 cents per unit. Her marginal utility of jam is 10 and her marginal utility of juice is 5." a. Without changing her total expenditures, she could increase her utility by consuming more juice and less jam. b. Without changing her total expenditures, she could increase her utility by consuming more jam and less juice.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

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