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Author Question: The price of coffee increases because of low crop yields. If the consumer's utility schedule for ... (Read 57 times)

silviawilliams41

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on: May 24, 2019
The price of coffee increases because of low crop yields. If the consumer's utility schedule for coffee remains constant, we can predict that coffee consumption
◦ will increase.
◦ will decrease.
◦ will stay the same.
◦ will increase if the marginal utility of coffee diminishes and will decrease if the marginal utility of coffee increases.
◦ might change, but we need more information to determine if it increased, decreased, or did not change.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by silviawilliams41 on May 24, 2019

jharrington11

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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silviawilliams41

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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