Melika spends all of her income on magazines and carry-out lunches. the price of a magazine is $5, and the price of a carry-out lunch is $7. at the current consumption bundle, the marginal utility of magazines is 10, and the marginal utility of carry-out lunches is 21. assuming that diminishing marginal utility applies to both goods, to maximize utility given her income, melika should: a) continue to consume the current bundle. b) consume more carry-out lunches and fewer magazines. c) consume equal amounts of magazines and carry-out lunches. d) consume more magazines and fewer carry-out lunches.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan