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Elle Woods is trying to figure out what combination of bags of M&Ms and bags of Cheetos she should buy with her $13 budg
Posted: Mon Apr 25, 2022 7:56 am
by answerhappygod
- Elle Woods Is Trying To Figure Out What Combination Of Bags Of M Ms And Bags Of Cheetos She Should Buy With Her 13 Budg 1 (34.39 KiB) Viewed 17 times
Elle Woods is trying to figure out what combination of bags of M&Ms and bags of Cheetos she should buy with her $13 budget. The price of M&Ms is currently $3 per bag and the price of Cheetos is currently $2 per bag. Elle is currently deciding whether to purchase one more bag of M&Ms or one more bag of Cheetos. She should choose the Cheetos every time. Cheetos, if the marginal utility of Cheetos is greater than M&Ms M&Ms, if the last bag she consumed was Cheetos, and vice versa. M&Ms, if the marginal utility of M&Ms is greater than Cheetos.