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Suppose your marginal utility for

Consumer optimum requires that consumers make purchases so for that the last dollar spent on all goods, the ratio of marginal
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2. asked by AOL
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Quantity of goods consumed.1 2 3 4 5 6 Total utility 0 10 16 _ 23 23 Marginal utility 0 10 4 _ 1 _ A) complete the above table
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2. asked by Winnie faith
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how is marginal utility found?Marginal utility is the change in total utility divided by the change in the quantity consumed of
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1. Explain briefly the following concepts.A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line
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the marginal utility of good A is 3 imes the marginal utility of good B, and the price of good A is $4.50Use consumer
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2. asked by AOL
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The law of diminishing marginal utility states that at some point, a person's marginal utility from additional consumption
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Suppose that Erin spends all of her income on two goods: pizza and fiction novels. If the price of pizza rises, thenA. The
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2. asked by Anthony
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Suppose your marginal utility for meals at the campus cafeteria this week has fallen to zero. Explain what has happened to your
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2. asked by snizhanna
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The equimarginal rule __________.equates the marginal utility per dollar spent on each good purchased states that in order to
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What is more important to the consumer: Marginal utility or marginal utility per dollar and why
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2. asked by Kevin
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