Describe the equal marginal principle. Explain why this principle may not hold if increasing marginal utility is

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Describe the equal marginal principle. Explain why this principle may not hold if increasing marginal utility is associated with the consumption of one or both goods.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:14 AM

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Describe the equal marginal principle. Explain why this principle may not hold if increasing marginal utility is

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The equal marginal principle states that to obtain maximum satisfaction the ratio of the ma...View the full answer

Microeconomics

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