In Table 7.1, suppose the marginal utility numbers for books change: for each quantity of books, the
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In Table 7.1, suppose the marginal utility numbers for books change: for each quantity of books, the marginal utility is 6 utils higher. For example, for 24 books, the marginal utility is 8 utils instead of 2 utils, and for 21 books, the marginal utility is 10 utils instead of 4 utils. Determine the new utility-maximizing bundle.
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Microeconomics Principles Applications And Tools
ISBN: 9780134078878
9th Edition
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
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