[All Steps] At Dave's current consumption bundle his marginal utility for hot dogs is 5 and his marginal utility for sodas is $3. If the price of one hot
Question: At Dave's current consumption bundle his marginal utility for hot dogs is 5 and his marginal utility for sodas is $3. If the price of one hot dog is $1 and the price of one soda is $0.50, is Dave currently maximizing his utility? If not, how should he reallocate his spending in order to increase his utility?
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