Suppose Valerie is consuming lipstick (L) and eye shadow (E) and nothing else.MUL = 24 and MUE = 40.The price of eye shadow is $5,and the price of lipstick is $4.What should Valerie do?
A) Consume more eye shadow and less lipstick.
B) Consume more lipstick and less eye shadow.
C) Consume less of both.
D) Consume more of both.
E) Not change her consumption of either good.
Correct Answer:
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