Answer:
Maylin should purchase one unit of each socks & jogging shorts.
Step-by-step explanation:
In case of two goods, consumer is at equilibrium when marginal utility per dollar spent on last unit of the goods are equal, ie MU 1 / P1 = MU 2 / P2 (MU are the marginal utilities / marginal benefit of two goods, P are the price of two goods)
Given : MU1 (So) = 20, MU2 (JSh) = 30, P1 (So) = 10, P2 (JSh) = 15
So, equilibrium is at where MU1 (So) / P1 (So) = MU2 (JSh) / P2 (Jsh)
20/10 = 2, & 30/15 = 2. MU's per dollar are equal for both.
So Maylin is in equilibrium, she should purchase one unit of each socks & jogging shorts.
So taking (0,-2) and (-3,-6) then it is -2-(-6)/0-(-3) or 4/3
84 Hope I Helped! ( Smiles)
Answer:
y = 80+ 15*x
members = initial membership + growth* months
y = 80+ 15*x