Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that his marginal utility from an additional soft drink is $ 50 and his marginal utility from an additional slice of pizza is $ 30. If the price of a soft drink is $3 and the price of a slice of pizza is $2 , is Charley maximizing his utility?
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Home » Business » Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that his marginal utility from an additional soft drink is $ 50 and his marginal utility from an additional slice of pizza is $