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A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also tries a new product Y and at the current level of consumption it has a marginal
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A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also tries a new product Y and at the current level of consumption it has a marginal utility of 8 and a price of $1. The utility-maximizing rule suggests that this consumer should:

User Axxel
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The utility-maximizing rule suggests that this consumer should: Increase consumption of product Y and decrease consumption of product X

Step-by-step explanation:

User Jon Wilson
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