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QUESTION
ADVANCED ANALYSIS Given the following: z A = 15 - 1x z B = 10 - 1y , where z is marginal utility per dollar spent, x is the amount spent on product...
ADVANCED ANALYSIS Given the following:
zA = 15 - 1x
zB = 10 - 1y,
where z is marginal utility per dollar spent, x is the amount spent on product A, and y is the amount spent on product B.
Assume that the consumer has $19 to spend on A and B—that is: x + y = $19.
Instructions: Enter your answers as whole numbers.
a. How is the $19 best allocated between A and B?
