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At their current consumption bundle, a consumer would be willing to trade one book for two video games. The price of a book is $15
At their current consumption bundle, a consumer would be willing to trade one book for two video games. The price of a book is $15 and one video game costs $60. The consumer...
has perfect substitutes preferences.
should consume fewer books and more video games.
is maximizing their utility.
should consume fewer video games and more books.
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