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Since water costs little and jewellery is expensive, it must follow that when people choose their optimal quantities of water and jewellery to purchase, the
Since water costs little and jewellery is expensive, it must follow that when people choose their optimal quantities of water and jewellery to purchase, the marginal utility they receive from the last piece of jewellery they buy isgreater than the marginal utility they receive from the last gallon of water they buy
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
