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Other Fields Homework Help Economics Topic started by: Cutie124 on Aug 20, 2018



Title: Mr. Smith is consuming beer and wine. At his current level of consumption, the marginal utility per ...
Post by: Cutie124 on Aug 20, 2018
Mr. Smith is consuming beer and wine. At his current level of consumption, the marginal utility per dollar is 30 units for beer and 20 units for wine. Mr. Smith should
A) consume twice as much beer as wine.
B) consume twice as much wine as beer.
C) increase his consumption of beer relative to wine.
D) increase his consumption of wine relative to beer.


Title: Mr. Smith is consuming beer and wine. At his current level of consumption, the marginal utility per ...
Post by: riptide on Aug 20, 2018
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Title: Mr. Smith is consuming beer and wine. At his current level of consumption, the marginal utility per ...
Post by: Cutie124 on Aug 20, 2018
:white_check_mark: Correct!