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Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity
Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity of socks and running shoe Pairs of Total Benefit, Marginal Benefit, Price of Socks Socks Socks MB/ Price Running Total Benefit, Marginal Benefit, Price of MB/ Socks Shorts Running Running Shorts Running Price Shorts Shorts 0123456789 0 NA $10 NA 0 0 NA $10 NA 100 $10 1 200 $10 190 $10 2 380 $10 270 $10 3 540 $10 340 $10 4 680 $10 400 $10 5 800 $10 450 $10 6 900 $10 490 $10 7 980 $10 520 $10 8 1040 $10 540 $10 9 1080 $10 10 550 $10 20 1100 $10 If Maylin has $150 of income to spend on socks and running shorts, socks cost $10 per pair and running shorts are $10 each, what consumption bundle maximizes Maylin's total benefit?
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