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According to the principle of rational choice if Multiple choice question. TUX/PX > TUY/PY, consume an additional unit of good X, where TU is total
According to the principle of rational choice if Multiple choice question. TUX/PX > TUY/PY, consume an additional unit of good X, where TU is total utility. MUX/PX < MUY/PY, consume an additional unit of good X, where MU is marginal utility. MUX/PX > MUY/PY, consume an additional unit of good X, where MU is marginal utility. TUX/PX < TUY/PY, consume an additional unit of good Y, where TU is total utility
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
