Suppose that at the baseball game, you consumed 3 hot dogs (each priced at $5) and 4 sodas (each priced at $3). the 3rd hot dog provided a marginal utility of 20, while the 4th soda provided a marginal utility of 15. in order to maximize utility, should you have changed your consumption?
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Home » Business » Suppose that at the baseball game, you consumed 3 hot dogs (each priced at $5) and 4 sodas (each priced at $3). the 3rd hot dog provided a marginal utility of 20, while the 4th soda provided a marginal utility of 15.