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Suppose with $5 in hand and a choice between a $5 footlong sandwich from Subway and a $5 pizza from Pizza Hut, someone chooses the
- Suppose with $5 in hand and a choice between a $5 footlong sandwich from Subway and a $5 pizza from Pizza Hut, someone chooses the pizza. What can you infer about the relative marginal utility of sandwiches and pizza? What is the key economic assumption you have to make about their consumption goal? [4 points]
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
