Jerry spends $ 10 a month on pet dispensers and superman action figures. His marginal- utility-to-price ratio
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Jerry spends $ 10 a month on pet dispensers and superman action figures. His marginal- utility-to-price ratio for the pea dispensers is 40, while marginal-utility-to-price ratio for superman action figures is 47. Explain why jerry is not maximizing his utility. What can he do to increase his utility?
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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