"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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Question
!["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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F073e2513-fab5-42f3-9602-d9722bb10289%2F4d1a8e55-8e3c-434e-bb1e-5e4e935bd807%2Fn29wjo4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:"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.
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