Question
QUESTION 33 John eats shrimp and swordfish.The price of shrimp is $10/lb and the price of swordfish is $20/lb.Let a 'util' be a unit of
QUESTION 33
- John eats shrimp and swordfish.The price of shrimp is $10/lb and the price of swordfish is $20/lb.Let a 'util' be a unit of utility.
Suppose that John is consuming both shrimp and swordfish and that the marginal utility of swordfish is 30 utils. Assume further that he
is maximizing his utility.It follows that the marginal utility of shrimp is:
a.15 utils
b.more than 15 utils
c.30 utils
d.less than 30 utils
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Applied Business Ethics A Skills-Based Approach
Authors: Dean Bredeson
1st edition
538453982, 978-1133419068, 1133419062, 978-0538453981
