Business, 21.02.2020 00:49 mendezmarco2004

Bobby consumes only ice cream and cookies and he is spending all of his income. Currently, he is spending his income in such a way that his marginal utility of ice cream is 100 units of utility and his marginal utility of cookies is 150 units of utility. The price of ice cream is $1.00 per scoop and the price of a cookie is $2.00. To maximize his utility, Bobby should .(A) buy no ice cream.(B) not change his purchases of ice cream and cookies.(C) buy more ice cream and fewer cookies.(D) buy more cookies and less ice cream.

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Bobby consumes only ice cream and cookies and he is spending all of his income. Currently, he is spe...

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