At a consumer optimum involving goods A and B, the marginal utility of good A is 2

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At a consumer optimum involving goods A and B, the marginal utility of good A is 2 utils, and the marginal utility of good B is 8 utils. How much greater or smaller is the price of good B compared with the price of good A?

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Economics Today The Micro View

ISBN: 9780135888124

20th Edition

Authors: Roger LeRoy Miller

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Question Posted: Nov 11, 2023 10:44 PM

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At a consumer optimum involving goods A and B, the marginal utility of good A is 2

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MU B MU A P B P A If MU A is 2 utils and MU B is 8 uti...View the full answer

Economics Today The Micro View

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