Heart spends her entire weekly food allowance of $42 on fries and milk tea. The price of a fries is $2, and the price of milk tea is $1. Heart purchases 12 fries and 18 milk tea, and her marginal rate of substitution between fries and milk tea is 1. Is Heart in equilibrium? Explain

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
Section20.2: Consumer Equilibrium And Demand
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Heart spends her entire weekly food allowance of $42 on fries and milk tea. The price of a fries is $2, and the price of milk tea is $1. Heart purchases 12 fries and 18 milk tea, and her marginal rate of substitution between fries and milk tea is 1. Is Heart in equilibrium? Explain

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