Margo has a daily income of $60, which she can spend on coffee or bagels. Each cup of coffee costs $3 and each bagel costs $4. She is currently spending all her income, and she is willing to forgo 1 bagel to get the next cup of coffee to achieve the same level of utility. To maximize her utility, she should:_______.
a. increase bagel consumption and decrease coffee consumption
b. decrease both consumption of coffee and bagel
c. do nothing
d. increase coffee consumption and decrease bagel consumption

Answers

Answer 1

Answer:

decrease both consumption of coffee and bagel


Related Questions

Other Questions
i need help on i ready what is the length of the breathing tube Please helpp!! best answer gets brainliest Quartered in the bill of rights Record the prime factorization of 720 using exponents Competition in programming has resulted in... a. higher quality shows. b. higher costs for viewers. c. fewer movies released in theaters. d. fewer channels. help pls and ty! i will give brainliest to the correct answer What does the A stand for in the star problem solving processAffectAgreeAddAct Mary has 2 1/5 hours before she needs to meet her friend. She needs to take care of 7 chores before then. How much time can she allocate to each chore? rewrite 4x plus 2y equals 6 in slope intercept form. smbolo que se utiliza en todas las direcciones de correo electrnico. 4 2/3 + 6 1/5 1 13 /1510 13/1513 5/10 The behavior theory Write a summary Which number is a rational number? OA 15 OB. 2.6457513110... O c. 17.156 OD. 385 A 8th grade student has 5 yearsto save up enough money topay for her 4 years of college.She is estimating each year willcost $7,500. If she has $5,000to start a savings account, thenbased on the table, what is herminimum monthly depositneeded to reach her goal?Initial Balance(dollars)$5,000$5,000$5,000$5,000Monthly Deposit(dollars)$100$200$300$400Account Value inFive Years(dollars)$12,273$18,737$25,202$31,667 Mr Jackson was out, so Mrs Mai, his secretary had to _________ a message for him(2.5 im)A. leaveB. sendC. takeD. have A right circular cylinder has a surface area of 66. If the height of the cylinder is 8, find the diameter of the base. Name the part of speech of the underlined word. Sams dog is black with white spots.A) nounB) verbC) adjectiveD) preposition Find the value of X. what is the adverb in this sentence Hold on, I'm almost finished! how are respiration and photosynthesis related to one another