Focal point equilibria definitely violate the principle of rational choice.
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Q14: To calculate the marginal utility of consuming
Q15: Total utility refers to the:
A) total satisfaction
Q16: Mary is maximizing utility by eating three
Q17: The principle of diminishing marginal utility states
Q18: If MUA/PA> MUB /PB, an individual should
Q20: If marginal utility is declining but still
Q21: What is the total utility of
Q22: When marginal utility of consuming a good
Q23: Popeye cannot eat enough free spinach. With
Q24: Jack Sprat could eat no fat, his
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