4. Kais current marginal utility from consuming orange juice is 75 utils per ounce and her marginal...

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4. Kai’s current marginal utility from consuming orange juice is 75 utils per ounce and her marginal utility from consuming coffee is 50 utils per ounce. If orange juice costs 25 cents per ounce and coffee costs 20 cents per ounce, is Kai maximizing her total utility from the two beverages? If so, explain how you know. If not, how should she rearrange her spending? (LO2)

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Principles Of Microeconomics

ISBN: 9781264250387,9781264250448

8th Edition

Authors: Robert H. Frank , Ben Bernanke , Kate Antonovics , Ori Heffetz

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