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For George's utility function, U = 9X1X2, what will be the change in George's utility level when X1 increases by one unit from 12 to
For George's utility function, U = 9X1X2, what will be the change in George's utility level when X1 increases by one unit from 12 to 13 (X2 still remaining unchanged at 6 units)? Note the change in utility level indicates the marginal utility from consuming one additional unit of X1
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
