this is for my intermediate microeconomics price theory class:
wat is a equi-marginal principle? how would i use it to solve this problem
abe's mariginal utility of apples is 12 and his marginal utility of bananas is 5. If apples cost $2 each and bananas cost $1 each, is Abe consuming at an optimum. IF not, which fruit should Abe consume more of?
Static911
wat is a equi-marginal principle? how would i use it to solve this problem
abe's mariginal utility of apples is 12 and his marginal utility of bananas is 5. If apples cost $2 each and bananas cost $1 each, is Abe consuming at an optimum. IF not, which fruit should Abe consume more of?
Static911
Facebook
Twitter