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hiusy98 hiusy98
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7 years ago
Assume an individual is currently using all of his income to consume two goods — X and Y. If the prices of X and Y are $3 and $8, respectively, and the marginal rate of substitution of X for Y is four, is this individual maximizing his net benefits from consumption? If not, what should he do to increase his total utility?
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Economics for Managers

Economics for Managers


Edition: 3rd
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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#2
7 years ago
I owe you my life lol
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