EOC 6.22
Review
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Assume that Jill is NOT consuming at the utility-maximizing level. The marginal utility of soda is 40 and its price is $2, but the
marginal utility of popcorn is now 30, and its price is $1. What should Jill do to maximize her utility?
Requirement for the handwritten submission on Canvas: you must incorporate the relevant formula(s) and calculation(s) as
integral components of your approach explanation.
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a Consume less soda and more popcorn
b Consume more soda and less popcorn
c Consume more of both
d Consume less of both
Your answer