Business, 06.10.2019 09:01 speris1443

Jennifer has $10 to spend on tomatoes and cheese. the price of a pound of tomatoes is $2 and the price of a pound of cheese is $4. she has found her utility-maximizing bundle at 2 pounds of tomatoes and 1.5 pounds of cheese. suppose jennifer's income falls to $8 and the price of tomatoes falls to $1. the price of cheese remains the same. jennifer is considering a bundle of zero units of tomatoes and 2 units of cheese. what is your advice?

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Jennifer has $10 to spend on tomatoes and cheese. the price of a pound of tomatoes is $2 and the pri...

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