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Author Question: If a consumer is faced with a choice of productsA, B, C,..., and has a given money income, the ... (Read 18 times)

ncasson210

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on: Oct 12, 2022

Question 1

The condition required for a consumer to be maximizing utility, for any pair of products, X and Y, is
◦ PX(MUX) = PY(MUY).
◦ MUX/PX = MUY/PY.
◦ PX = PY.
◦ MUX/PY = MUY/PX.
◦ MUX = MUY.

Question 2

If a consumer is faced with a choice of products A, B, C, ..., and has a given money income, the consumer's utility will be maximized when
◦ MUA = PA; MUB = PB; MUC = PC; ...
◦ MUA/PA = MUB/PB = MUC/PC = ...
◦ TUA = TUB = TUC = ...
◦ PA = PB = PC = ...
◦ MUA = MUB = MUC = ...
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ncasson210 on Oct 12, 2022

RodrickHac

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Reply #1 on: Oct 12, 2022
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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ncasson210

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Reply 2 on: Oct 12, 2022
:D TYSM

jordangronback

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

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