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You like candy and cake. After using your entire $30 budget at the sugar store, you find that the marginal utility from the last
You like candy and cake. After using your entire $30 budget at the sugar store, you find that the marginal utility from the last candy you consumed was 60 and the last piece of cake was 30. Assuming you have maximized your utility and the price of a piece of candy is $4, calculate the price of cake? Do not enter dollar signs. Answer:
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
