Business, 06.06.2020 15:59, alyssabailey

Jenn's marginal utility of the last candy bar consumed is 8 and her marginal utility of the last smoothie consumed is 20. If candy bars cost $2 and smoothies cost $4, which statement is true according to the utility maximization rule?a) Jenn is maximizing her utility. b) Jenn must consume more candy bars and less smoothies to maximize utility. c) Jenn must consume more smoothies and less candy bars to maximize utility. d) Jenn must consume less of both candy bars and smoothies to maximize utility.

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Jenn's marginal utility of the last candy bar consumed is 8 and her marginal utility of the last smo...