Phyllis spends her income on beer and pretzels,and a six pack of beer costs the same as a bag of pretzels.If she is in consumer equilibrium,we know:

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Quizplus · Accepted Answer

Since the six pack of beer and the bag of pretzels cost the same, we can assume that Phyllis is spending an equal amount of money on each. In consumer equilibrium, Phyllis is maximizing her utility, which means that the marginal utility per dollar spent is equal for both goods. Therefore, we know that Phyllis gets the same marginal utility from the last six pack of beer as from the last bag of pretzels. However, we cannot be certain about the quantities or total utility since we do not have information about Phyllis's preferences or budget constraints.

Phyllis Spends Her Income on Beer and Pretzels,and a Six