What should steven do to achieve optimal consumption bundle

Reference no: EM13214413

Steven has an income of $50, which he can spend on two goods: DVD and cups of iced coffee. Both are normal goods for him; each DVD costs $10 and each cup of iced tea costs $2. For each of the situations, decide whether this is Steven's optimal consumption bundle. If not, what should Steven do to achieve his optimal consumption bundle?

Reference no: EM13214413

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