Rebecca consumes both iced tea and coffee. Iced tea is priced at $1.50 per bottle and coffee at $2.00 per 16-ounce cup. Which of the following marginal utility pairs is consistent with Rebecca's consumer equilibrium at these prices?
a. MU of iced tea = 1; MU of coffee = 1
b. MU of iced tea = 1; MU of coffee = 2
c. MU of iced tea = 2; MU of coffee = 3
d. MU of iced tea = 3; MU of coffee = 4
d
Economics
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