At the optimal quantities of digital apps and wire- less earbuds determined in your answer to Problem
Question:
At the optimal quantities of digital apps and wire- less earbuds determined in your answer to Problem 20-21, after rounding to the nearest 10 cents, is the $26 income all spent at the new consumer optimum?
Problem 20-21
Take a look at Table 20-1. Suppose that the price of each digital app rises to $5.97. At the same time, the price of each wireless earbud falls to $2.70. Income remains unchanged at $26. Rework the marginal-utility-per-dollars-spent columns and round each amount to the nearest one-tenth. What are the quantities of digital apps and wireless earbuds now purchased by this consumer?
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