Business
Business, 24.09.2019 05:30, jeanieb

For lunch, wendy eats only salads or fruit & yogurt smoothies. her weekly food budget is $48. each salad costs $6 and each smoothie costs $3. when deciding how much of each good to buy, wendy knows that 4 salads and 8 smoothies will give her a utility of 8. she also knows that at this level, her marginal utility per dollar spent is the same for both items. what is wendy’s utility-maximizing point? 1 salad, 14 smoothies6 salads, 4 smoothies5 salads, 6 smoothies4 salads, 8 smoothies

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For lunch, wendy eats only salads or fruit & yogurt smoothies. her weekly food budget is $48. e...

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