15. Margos marginal utility of one dance lesson is 100 utils per lesson. Her marginal utility of...

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15. Margo’s marginal utility of one dance lesson is 100 utils per lesson. Her marginal utility of a new pair of dance shoes is 300 utils per pair. The price of a dance lesson is $50 per lesson.

She currently spends all her income, and she buys her optimal consumption bundle. What is the price of a pair of dance shoes?

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Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 02, 2024 03:02 AM

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15. Margos marginal utility of one dance lesson is 100 utils per lesson. Her marginal utility of...

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Economics

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