-Juan's marginal utility from strawberries is 200 and his marginal utility from cream is 100. Juan spends all of his budget. The price of strawberries is $5 per kilogram and the price of cream is $5 per pint. To maximise his utility, Juan should
A) change nothing because Juan is maximising his utility now.
B) buy more cream and fewer strawberries.
C) buy less cream and fewer strawberries.
D) buy less cream and more strawberries.
E) buy more cream and more strawberries.
Correct Answer:
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Q68: When Chris maximises his total utility, then
Q69: Q70: Q71: Goods that are valuable will have a Q72: Q73: As more of a good is consumed, Q74: _ in consumer surplus occurs when the Q75: The maximum price a consumer is willing Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents