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Title: Marge buys 5 CDs and 7 DVDs. The marginal utility of the 5th CD and the marginal utility of the 7th Post by: Tidy on Jun 21, 2015 Marge buys 5 CDs and 7 DVDs. The marginal utility of the 5th CD and the marginal utility of the 7th DVD are both equal to 30 utils. Can we say that this is the optimal combination of CDs and DVDs for Marge?
A) No. We need to know her preferences for CDs and DVDs. B) Yes. C) No. We need to know the prices of the CDs and DVDs. D) No. If this was the optimal combination, the marginal utility per dollar of the 5th CD and the 7th DVD would be equal. Title: Re: Marge buys 5 CDs and 7 DVDs. The marginal utility of the 5th CD and the marginal utility of the Post by: Chimelo46 on Jul 30, 2015 Content hidden
Title: Re: Marge buys 5 CDs and 7 DVDs. The marginal utility of the 5th CD and the marginal utility of the 7th Post by: Chimelo46 on Aug 31, 2015 Happy to assist!
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