Business, 26.02.2020 03:59 mlyons574

Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Crocs is MU Subscript Upper Cequals20DC and her marginal utility from consuming dress shoes is MU Subscript Upper Dequals10Upper C squared. Her annual shoe allowance is $270, which she spends on only dress shoes and Crocs. If she pays $30 for a pair of dress shoes and $15 for a pair of Crocs, what is her optimal consumption bundle? Tracy's satisfaction-maximizing bundle conta

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Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Croc...