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book Economics 12th Edition by William Baumol, Alan S Blinder cover

Economics 12th Edition by William Baumol, Alan S Blinder

Edition 12ISBN: 978-0538453691
book Economics 12th Edition by William Baumol, Alan S Blinder cover

Economics 12th Edition by William Baumol, Alan S Blinder

Edition 12ISBN: 978-0538453691
Exercise 11
Suppose that you wanted to measure the marginal utility of a commodity to a consumer by directly determining the consumer's psychological attitude or strength of feeling toward the commodity rather than by seeing how much money the consumer would give up for the commodity. Why would you find it difficult to make such a psychological measurement
Explanation
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The marginal utility is the utility deri...

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Economics 12th Edition by William Baumol, Alan S Blinder
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