How many of each does tony consume

Reference no: EM132206528

Question: Tony consumes two goods: cookies and milk. Let C be his consumption of cookies and M be his consumption of milk. His marginal rate of substitution of cookies for milk is M/(2C). The price of cookies is 10, the price of milk is 15, and Tonys' income is 360. How many of each does he consume?

Reference no: EM132206528

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