Essay
Samantha consumes peaches and herbs with her budget of $40. The price of peaches is $2.50, and the price of herbs is $10. She has spent her budget and is experiencing marginal utility from peaches of 10 utils and marginal utility from herbs of 30 utils. Should Samantha alter her spending to maximize utility? Explain.
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Yes, Samantha should alter her spending ...View Answer
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