Abe's marginal utility of apples is 12 and his marginal utility of bananas is 5. If apples

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Abe's marginal utility of apples is 12 and his marginal utility of bananas is 5. If apples cost $2 each and bananas cost $1 each, is Ape consuming at an optimum? If not, which fruit should Ape consumes more of?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Jan 05, 2021 12:40 AM

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Abe's marginal utility of apples is 12 and his marginal utility of bananas is 5. If apples

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Principles of economics

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