Question: Return to Let's work through this rule with my paper clips and gum example. Here is Utility-Maximization some more data for you: Utility-Maximization MU Paper

Return to Let's work through this rule with my paper clips

and gum example. Here is Utility-Maximization some more data for you: Utility-Maximization

Return to Let's work through this rule with my paper clips and gum example. Here is Utility-Maximization some more data for you: Utility-Maximization MU Paper A box of paper clips costs $0.50 and a TU: Boxes MU: Boxes Clips / MU Gum / pack of gum costs $0.25 and I have a TU: Packs MU: Packs budget of $2.00 for paper clips and Quantity of Paper of Paper Price of Price of of Gum of Gum gum. Clips Clips Paper Gum Clips You have a budget for paper clips and - - -- 0 -- - - gum? 14 12 2 26 22 3 36 30 Indeed! 4 45 36 5 50 40 nics isor TU = Total Utility MU = Marginal Utility Let's start with paper clips again. For Price of Box of Paper Clips = $0.50 the first box of paper clips, what is my Price of Pack of Gum = $0.25 marginal utility per dollar? Budget = $2.00 mics ssor MUX MUY PX PY Enter a response then click Submit below

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