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Author Question: If the price of steak rises, a consumer who had been maximizing his or her utility before will buy ... (Read 54 times)

burchfield96

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on: May 24, 2019
If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its
◦ total utility falls.
◦ ratio of marginal utility to price is now less than that for other goods.
◦ marginal utility has fallen.
◦ ratio of marginal utility to total utility falls.
◦ ratio of marginal utility to price is now larger than that for other goods.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by burchfield96 on May 24, 2019

ktidd

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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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burchfield96

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

ashely1112

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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