Question: For two products A and B, it will be irrational for a consumer not to buy more of product A and less of product B
For two products A and B, it will be irrational for a consumer not to buy more of product A and less of product B if the marginal utility of A exceeds the marginal utility of B at their last units of consumption. True, false or uncertain? Explain.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
