Suppose the price of walnuts is $6 per pound and the price of peanuts is $2 per
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Suppose the price of walnuts is $6 per pound and the price of peanuts is $2 per pound. If a person gets 20 units of added utility from eating the last pound of peanuts she consumes, how many utils of added utility would she have to get from eating the last pound of walnuts in order to be in consumer equilibrium?
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Since consumer equilibrium requires that the m...View the full answer
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