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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 2
In Exhibit 4, assume the multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. Suppose the consumer has $12 per week to spend on multiplex tickets, video rentals, and popcorn. In consumer equilibrium, what is the marginal utility per dollar for each of the three goods?
A) 5 utils per dollar
B) 9 utils per dollar
C) 13 utils per dollar
D) 22 utils per dollar
A) 5 utils per dollar
B) 9 utils per dollar
C) 13 utils per dollar
D) 22 utils per dollar
Explanation
Verified
Verified
The consumer equilibrium is a condition ...
Economics for Today 9th Edition by Irvin Tucker
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