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Suppose my marginal utility from chia pets is 80 and my marginal utility from sea monkeys is 40. The price of a chia pet is $10 and the price of a...

Suppose my marginal utility from chia pets is 80 and my marginal utility from sea monkeys is 40. 

The price of a chia pet is $10 and the price of a sea monkey is $1. What should I do to maximize my utility? Explain your answer. 

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MU Sea Monkeys / Price Sea Monkeys > MU Chia Pets / Price Chia... View the full answer

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