Every week georg consumes 20 apples and 60 strawberries. His marginal utility of apples is 80 and
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Every week georg consumes 20 apples and 60 strawberries. His marginal utility of apples is 80 and his marginal utility of strawberries is 40. If georg is optimizing what is the ratio of the price of strawberries relative to the price of apple?
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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