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. Suppose Ava buys only two things, eBooks and matcha tea, and receives the same satisfaction from the last book bought as she did from
Suppose Ava buys only two things, eBooks and matcha tea, and receives the same satisfaction from the last
book bought as she did from the last matcha tea bought. eBooks cost twice as much as matcha tea, and she has
spent all of her money. Diminishing marginal utility applies to both goods. If she is trying to maximize her
utility, Ava:
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: J D Angrist, Joshua D Angrist
1st Edition
0691120358, 9780691120355
