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Sharon purchases two products, x and y, with a given fixed budget. the marginal utility she receives from the last unit of x she consumes is 60 utils, and the marginal utility she receives from the last unit of y she consumes is 30 utils. the price of x is $2.00 and the price of y is $1.00. based on the equal marginal principle, these data suggest that sharon
a) is maximizing her total utility from the given fixed budget.
b) should buy more x and less y.
c) should buy more y and less x.
d) should buy less y and x.
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Answers: 2
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Sharon purchases two products, x and y, with a given fixed budget. the marginal utility she receives...
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