Multiple Choice
-Juan's marginal utility from strawberries is 200 and his marginal utility from cream is 100. Juan spends all of his budget. The price of strawberries is $5 per kilogram and the price of cream is $5 per pint. To maximise his utility, Juan should
A) change nothing because Juan is maximising his utility now.
B) buy more cream and fewer strawberries.
C) buy less cream and fewer strawberries.
D) buy less cream and more strawberries.
E) buy more cream and more strawberries.
Correct Answer:
Verified
Correct Answer:
Verified
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