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Suppose Rohit Is Purchasing Green Beans and Corn

Question 337

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Suppose Rohit is purchasing green beans and corn. The price of a can of green beans is $1.50 and its marginal utility is 15. The price of a can of corn is $2 and its marginal utility is 25. Is Rohit in equilibrium? Why or why not? If not, how must he alter his buying to maximize total utility?

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The utility-maximizing rule is
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Rohit ...

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