Question: Joe is a utility maximizing consumer with preferences between Corn dogs and Mini Doughnuts. Presently the price of Corn dogs is 7 and the price
Joe is a utility maximizing consumer with preferences between Corn dogs and Mini Doughnuts. Presently the price of Corn dogs is 7 and the price of Mini Doughnuts is 5. Joe figures he receives extra satisfaction of 180 from his last Corn dog. The extra utility received from Joe's last Mini-Doughnut must then be
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