Business, 10.04.2020 23:53 knownperson233

Suppose Valerie is consuming lipstick (L) and eye shadow (E) and nothing else. MUL = 24 and MUE = 40. The price of eye shadow is $10, and the price of lipstick is $6. What should Valerie do?
a. Consume more lipstick and less eye shadow.
b. Consume more eye shadow and less lipstick.
c. Not change her consumption of either good.
d. Consume less of both.
e. Consume more of both.

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Suppose Valerie is consuming lipstick (L) and eye shadow (E) and nothing else. MUL = 24 and MUE = 40...