5. Rohans current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility

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5. Rohan’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is 200 utils per ounce. If peanuts cost 10 cents per ounce and cashews cost 25 cents per ounce, is Rohan maximizing his total utility from the kinds of nuts? If so, explain how you know. If not, how should he rearrange his spending? (LO2)

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Principles Of Microeconomics

ISBN: 9781264250387,9781264250448

8th Edition

Authors: Robert H. Frank , Ben Bernanke , Kate Antonovics , Ori Heffetz

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