Business, 08.10.2019 18:30 marahsenno

Ray buys only hamburgers and bottles of root beer out of a weekly income of $100. he currently consumes 20 bottles of root beer per week, and his marginal utility of root beer is 6. the price of root beer is $2 per bottle. currently, he also consumes 15 hamburgers per week, and his marginal utility of a hamburger is 8. is ray max- imizing utility at his current consumption basket? if not, should he buy more hamburgers each week, or fewer?

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Ray buys only hamburgers and bottles of root beer out of a weekly income of $100. he currently consu...

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