Business, 23.06.2021 01:00 11132772

Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball cards is 20 and the marginal utility of candy is 10. If the price of baseball cards is $10, and the price of candy is $2, Group of answer choices Juan should consume equal amounts of baseball cards and candy. Juan is maximizing his utility, and he should continue to consume the current bundle. Juan should increase his consumption of candy and decrease his consumption of baseball cards. Juan should increase his consumption of baseball cards and decrease his consumption of candy.

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Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the ma...

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