Spend on hoodies from supreme and bape

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Reference no: EM132130077

You're a tourist visiting New York, and you've budgeted $1400 to spend on hoodies from Supreme and BAPE. Your friends have told you that a hoodie costs $350 at either store, and you plan to buy 2 of each.

When you arrive in New York, however, you discover that BAPE hoodies are on sale for $280, but Supreme has raised prices and their hoodies now cost $420. You end up buying skipping the Supreme store and buying 5 BAPE hoodies.

Of the two purchases, anticipated and actual, which of the two gives you higher utility? (Hint: is there a budget set under which both bundles were available? Which purchase was made in that budget set?)

Reference no: EM132130077

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