Solution to Problem #3 (2) Currently, The marginal utility from drinking orange juice per dollar – = Marginal utility from consuming orange juice / Price per ounce – = 75 utils / $0.25 – = 300 utils per dollar from her last dollar spent on orange juice The marginal utility from drinking coffee per dollar – = Marginal utility from consuming coffee / Price per ounce – = 50 utils / $0.20 – = 250 utils per dollar from her last dollar spent on coffee
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