Mathematics, 13.11.2019 17:31 cmflores3245

Latoya is buying corn chips and soda. she has 4 bags of corn chips and 5 bottles of soda in her shopping cart. the marginal utility of the fourth bag of corn chips is 10, and the marginal utility of the fifth bottle of soda is also 10. is latoya maximizing utility? a. no. she is maximizing marginal utility but not total utility. b. this cannot be determined because we do not know the price of corn chips and soda and whether or not she fully spent her budget allocated to corn chips and soda. c. yes. she is maximizing utility. d. no. she is not maximizing marginal utility.

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Latoya is buying corn chips and soda. she has 4 bags of corn chips and 5 bottles of soda in her shop...