If there is no budget constraint,utility maximization is achieved when marginal utility is zero.
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Q99: If Josh's income increases,then
A)His entire budget constraint
Q100: Use the indifference curves and the budget
Q101: Price discrimination typically occurs with products that
Q102: The law of diminishing marginal utility gives
Q103: According to consumer choice theory,rational behavior requires
Q105: Consumers who actually purchase a good either
Q106: If the marginal utility per dollar spent
Q107: Consumer surplus does not exist because some
Q108: Sellers can increase total revenues by charging
Q109: Advertisers currently spend about $100 million per
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