Question
Suppose Nancy is maximizing total utility within her budget constraint. The price of her last pair of jeans purchased is $50 and it gives her
Suppose Nancy is maximizing total utility within her budget constraint. The price of her last pair of jeans purchased is $50 and it gives her 200 units of marginal utility. If the price of her last shirt purchased is $30, what is the marginal utility she gest from her last shirt purchased? [Hint: use the rule of marginal utility per dollar spent]
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
