Question
Suppose a consumer is currently purchasing 47 different goods, one of which is housing. The quantity of housing is measured by H . Explain why,
Suppose a consumer is currently purchasing 47 different goods, one of which is housing. The quantity of housing is measured by H. Explain why, if you wanted to measure the consumer's marginal utility of housing (MUH) at the current basket, the levels of the other 46 goods consumed would be held fixed.
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Environmental Economics
Authors: Barry Field, Martha K Field
5th Edition
0073375764, 9780073375762
