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Discussion question X + nstructure.com/courses/37057/quizzes/284080/take Martha's current utility from consuming orange juice is 75 utils per cup and her marginal utility from consuming coffee is
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X + nstructure.com/courses/37057/quizzes/284080/take Martha's current utility from consuming orange juice is 75 utils per cup and her marginal utility from consuming coffee is 40 utils per cup. Orange juice costs $3.00 per cup and coffee costs $2.00 per cup. Please enter your answer as a numeric response with no extra words (ie. 4 not "4 utils/dollar" or "Four"). What is Martha's marginal utility per dollar for orange juice? What is Martha's marginal utility per dollar for coffee? Is Martha Maximizing her utility from drinking coffee and orange juice? If not, how should she re- arrange her spending maximize her utility? If you think she is not maximizing her utility simply type either "coffee" or "orange juice" into the appropriate text boxes below. If you think she is maximizing her utility simply write the word "maximum" in both text boxes. To maximize her utility Martha should spend more money on and less money onStep by Step Solution
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