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wrote...
Posts: 144
2 months ago

Assume that for a given consumer, the marginal utility of wine is 100 and the price of wine is $60. Also, assume that the marginal utility of lobster is 200 and the price of lobster is $100. This consumer



• is in equilibrium.

• should buy more wine.

• should buy more lobster.

• can't tell; insufficient information given to answer the question
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Introduction to Agricultural Economics
Edition: 7th
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2 months ago
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should buy more lobster.
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