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Use the table. Suppose that as a consumer you have $34 per month to spend for entertainment, either on movies which cost $6 each or
Use the table. Suppose that as a consumer you have $34 per month to spend for entertainment, either on movies which cost $6 each or on ice cream which cost $4 each. What is the consumer equilibrium? Units Consumed Total Utility, Ice Cream Total Utility, Movies 1 44 60 2 76 108 3 100 138 4 120 156 5 136 162 6 148 166 7 152 166
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
