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A consumer should increase her consumption of good X relative to good Y if:

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A consumer should increase her consumption of good X relative to good Y if:

A consumer should increase her consumption of good X relative to good Y if:

▸ the marginal benefit per dollar spent on good X is the same as the marginal benefit per dollar spent on good Y.

▸ the marginal benefit per dollar spent on good X is smaller than the marginal benefit per dollar spent on good Y.

▸ the marginal benefit per dollar spent on good X is greater than the marginal benefit per dollar spent on good Y.

▸ none of the above

Textbook

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 122 times

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More solutions for this book are available here

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miks Author

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