What is the rule relating the ratio of marginal utility to prices of two goods at the

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What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? Explain why, if this rule does not hold, the choice cannot be utility-maximizing.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 09:52 AM

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What is the rule relating the ratio of marginal utility to prices of two goods at the

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The rule youre referring to is known as the equimarginal principle or the equal marginal utility per ...View the full answer

Principles Of Economics

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