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Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be

Respuesta :

Ritmeks

Answer:

$20

Explanation:

The price of food per unit can be calculated as follows

50×25

= 1250

25×10

= 250

1250/250

= 5

Hence the price per unit of food is

= 25-5

= $20

Therefore the price of food per unit is $20

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