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Margo's marginal utility of one dance lesson is 100 utils per lesson Her marginal utility of a new pair of dance shoes is 300 utils The price of a dance lesson is $50 She currently spends all her

Margo's marginal utility of one dance lesson is 100 utils per lesson. Her marginal utility of a new pair of dance shoes is 300 utils. The price of a dance lesson is $50. She currently spends all her income and buys her optimal consumption bundle (dance shoes and dance lesson). What is the price of a pair of dance shoes?

Apr 26 2020 View more View Less

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