smithad1343 smithad1343

16-02-2024
Business

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Suppose that ( /MU ( ( ) Y)=( 15(,)/(M)U ( ( ) x)=10,P(Y)=$2 , and P(x)=$1 . Which statement is TRUE?
Option 1: A. The consumer is maximizing utility.
Option 2: B. The consumer could increase utility by giving up 1 un

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