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Harold spends his income on pens and milkshakes. The price of a pen is $1, and t...
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Harold spends his income on pens and milkshakes. The price of a pen is $1, and the price of a milkshake is $1. If, when Harold spends all his income, his marginal utility from pens is 10 and his marginal utility from milkshakes is 8, how would Harold change his allocation of income to make his utility-maximizing choice?
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