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1.The campus Pizzeria sells a single pizza for $ 15 . If you order a second pizza , however , its rice is only $10
1.The campus Pizzeria sells a single pizza for $ 15 . If you order a second pizza , however , its rice is only $10 . Explain how this relates to marginal utility . Using indifference curve analysis , what are the condition necessary for the consumer to maximize utility subject to their budget constraint? If the (Mux/Px)<( MUy/Py) why should our consumer purchase more or less of good (Y) or good (X)? Show graphically and explain?
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