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Business, 02.12.2019 19:10

Caroline lives in miami and loves to eat desserts. she spends her entire weekly allowance on jello and pie. a bowl of jello is priced at $1.75, and a piece of apple pie is priced at $7.00. at her current consumption point, caroline's marginal rate of substitution (mrs) of jello for pie is 4. this means that caroline is willing to trade four bowls of jello per week for one piece of pie per week. does caroline's current bundle maximize her utilit.

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Caroline lives in miami and loves to eat desserts. she spends her entire weekly allowance on jello a...
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