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jmoney5 jmoney5
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5 years ago

Assume that for a given consumer, the marginal utility of cheap food is 100 and the price of cheap food is $40. Also, assume that the marginal utility of environmental quality is 200 and the price of environmental quality is $100. This consumer:



• Is in equilibrium.

• Should buy more cheap food.

• Should buy more environmental quality.

• Can't tell; insufficient information given to answer this question.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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jzhu11jzhu11
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5 years ago
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jmoney5 Author
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#2
5 years ago
This helped my grade so much
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#3
5 years ago
Perfect
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