Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Crocs is MU 20DC and her marginal utility from consuming dress shoes is MU = 10C2. Her annual shoe allowance is $360, which she spends 8- on only dress shoes and Crocs 7- U2 If she pays $40 for a pair of dress shoes and $40 for a pair of Crocs, what is her optimal consumption bundle? в- pairs of Crocs andpairs of Tracy's satisfaction-maximizing bundle contains dress shoes. (Enter your responses using integers.) 3- 2- 1- 0- 0 2 4 6 10 12 14 16 18 Crоcs Dress shoes 99

Micro Economics For Today
10th Edition
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Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 8SQP
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Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from
consuming casual Crocs is MU 20DC and her marginal utility from consuming
dress shoes is MU
= 10C2. Her annual shoe allowance is $360, which she spends
8-
on only dress shoes and Crocs
7-
U2
If she pays $40 for a pair of dress shoes and $40 for a pair of Crocs, what is her
optimal consumption bundle?
в-
pairs of Crocs andpairs of
Tracy's satisfaction-maximizing bundle contains
dress shoes. (Enter your responses using integers.)
3-
2-
1-
0-
0
2
4
6
10
12
14
16
18
Crоcs
Dress shoes
99
Transcribed Image Text:Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Crocs is MU 20DC and her marginal utility from consuming dress shoes is MU = 10C2. Her annual shoe allowance is $360, which she spends 8- on only dress shoes and Crocs 7- U2 If she pays $40 for a pair of dress shoes and $40 for a pair of Crocs, what is her optimal consumption bundle? в- pairs of Crocs andpairs of Tracy's satisfaction-maximizing bundle contains dress shoes. (Enter your responses using integers.) 3- 2- 1- 0- 0 2 4 6 10 12 14 16 18 Crоcs Dress shoes 99
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