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Author Question: The table above gives Sam's marginal utility schedule for bananas and apples. Sam's fruit budget is ... (Read 97 times)

EY67

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on: May 24, 2019



The table above gives Sam's marginal utility schedule for bananas and apples. Sam's fruit budget is $10.
a.   If bananas cost $1 per pound and apples cost $2 per bag, what is Sam's marginal utility per dollar for all quantities of both goods?
b.   What is the utility maximizing combination of bananas and apples for Sam?
c.   If the price of bananas increases to $2 per pound, how does Sam's marginal utility per dollar for bananas change?
d.   At the banana price of $2 per pound, what is the new utility maximizing combination of bananas and apples for Sam?
e.   List two points on Sam's demand curve for bananas.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by EY67 on May 24, 2019

anoriega3

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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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EY67

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Reply #2 on: May 24, 2019
Excellent


anoriega3

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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