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Author Question: Suppose there are only two goods, A and B, and that consumer income is constant. If the price of ... (Read 29 times)

Maddie9229

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on: Oct 12, 2022

Question 1

If total utility from the consumption of some product is increasing as more units are consumed, then marginal utility must be
◦ increasing at an increasing rate.
◦ increasing.
◦ positive.
◦ negative.
◦ decreasing at an increasing rate.

Question 2

Suppose there are only two goods, A and B, and that consumer income is constant. If the price of good A falls and the consumption of good B rises, we can conclude that
◦ A is a normal good.
◦ B is an inferior good.
◦ B is a normal good.
◦ A is an inferior good.
◦ both A and B are normal goods.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Maddie9229 on Oct 12, 2022

jacquelyngibson

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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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Maddie9229

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Reply 2 on: Oct 12, 2022
Wow, this really help

kusterl

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

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