Question
The marginal utility of good A is 4 utils, and its price is $2. The marginal utility of good B is 6 utils, and its
The marginal utility of good A is 4 utils, and its price is $2. The marginal utility of good B is 6 utils, and its price is $1. Is the individual consumer maximizing (total) utility if she spends a total of $3 by buying one unit of each good? If not, how can more utility be obtained?
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
