Suppose mary is in consumer equilibrium the marginal, Econometrics

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Suppose mary is in consumer equilibrium the marginal

Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.
a)If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?
b)If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?

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Econometrics: Suppose mary is in consumer equilibrium the marginal

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Econometrics: Suppose mary is in consumer equilibrium the marginal

Reference No:- TGS0584661

Have a Question? (oR Write a Review)

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Reference No:- TGS0584661

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