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
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
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 8SQP
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