Business, 17.09.2019 19:00 amara020787

15. cole is about to purchase 4 units of good a and 6 units of good b. the price of both a and b is $2. cole has only $20 to spend. assume that the marginal utility of the fourth unit of a is 8 and the marginal utility of the sixth unit of b is12. if cole wants to maximize utility
[a] he should buy more of a and less of b.
[b] from the information given, it is impossible to determine whether or not cole is maximizing utility.
[c] he should buy less of a and more of b.
[d] he should not buy anything.
[e] he should buy a and b in the quantities indicated.

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15. cole is about to purchase 4 units of good a and 6 units of good b. the price of both a and b is...