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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 22
Suppose an individual consumes pizza and cola. To reach consumer equilibrium, the individual must consume pizza and cola so that the
A) price paid for the two goods is the same.
B) marginal utility of the two goods is equal.
C) ratio of marginal utility to price is the same for both goods.
D) ratio of marginal utility of cola to marginal utility of pizza is 1.
A) price paid for the two goods is the same.
B) marginal utility of the two goods is equal.
C) ratio of marginal utility to price is the same for both goods.
D) ratio of marginal utility of cola to marginal utility of pizza is 1.
Explanation
Verified
Verified
The consumer continues to purchase pizza...
Economics for Today 9th Edition by Irvin Tucker
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