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Every evening for dinner Phil A. Ofish has one serving of fish and two servings of mashed potatoes. The marginal utility of the last serving
Every evening for dinner Phil A. Ofish has one serving of fish and two servings of mashed potatoes. The marginal utility of the last serving of fish is 200 utils and the price of fish is $5 per serving. If we assume that Phil is a utility-maximizer, what can we say about the marginal utility of the last serving of mashed potatoes if the price of each serving of mashed potatoes is $2
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