5. Every day, Josie buys 2 cups of coffee and 1 sandwich for lunch. The price of...

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5. Every day, Josie buys 2 cups of coffee and 1 sandwich for lunch.

The price of coffee is $2 a cup and the price of a sandwich is $5.

Josie’s choice of lunch maximizes her total utility, and she spends only $9 on lunch. Compare Josie’s marginal utility from coffee with her marginal utility from the sandwich.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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