Five consumers have the following marginal utility of apples and pears: Marginal Utility Marginal Utility of Apples
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Five consumers have the following marginal utility of apples and pears:
Marginal Utility Marginal Utility of Apples of Pears Jerry 12 6 George 6 6 Elaine 6 3 Kramer 3 6 Newman 12 3 The price of an apple is $2, and the price of a pear is
$1. Which, if any, of these consumers are optimizing over their choice of fruit? For those who are not, how should they change their spending?
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