Question: Explain why, if Max equalized the marginal utility per hour from windsurfing and from snorkeling, he would not maximize his utility.
Explain why, if Max equalized the marginal utility per hour from windsurfing and from snorkeling, he would not maximize his utility.
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The key to understanding this question lies in understanding what marginal utility is and how it applies to the context of decisionmaking and utility ... View full answer
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