After monitoring your daily consumption patterns, you determine that your daily consumption of soft drinks is 3

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After monitoring your daily consumption patterns, you determine that your daily consumption of soft drinks is 3 and your daily consumption of tacos is 4 when the prices per unit are 50 cents and $1, respectively. Explain what happens to your consumption bundle, the marginal utility of soft drinks, and the marginal utility of tacos when the price of soft drinks rises to 75 cents?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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