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Suppose that your friend, Agnes, is currently exhausting her money income by purchasing As and Bs. The marginal utility of A was 60 utils, and
Suppose that your friend, Agnes, is currently exhausting her money income by purchasing As and Bs. The marginal utility of A was 60 utils, and the marginal utility of B was 45utils. The price of A is$12 and the price of B is $15. Is Agnes a wise consumer? What would you suggest to her to become a wiser consumer?
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