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Author Question: John is allocating his household expenditure between groceries and housing in order to maximize ... (Read 143 times)

madimontg

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on: Oct 12, 2022
John is allocating his household expenditure between groceries and housing in order to maximize total utility. For the quantities of groceries and housing he has chosen, an increase in the price of housing will, ceteris paribus,
◦ reduce the marginal utility per dollar spent on housing.
◦ reduce the marginal utility of a unit of housing.
◦ increase the marginal utility of a unit of housing.
◦ increase the marginal utility per dollar spent on housing.
◦ have no effect on the marginal utility per dollar spent on housing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by madimontg on Oct 12, 2022

gcurrens

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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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madimontg

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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