Suppose you currently spend your weekly income on movies and video games such that the marginal utility

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Suppose you currently spend your weekly income on movies and video games such that the marginal utility per dollar spent on each activity is equal. If the price of a movie ticket rises, how will you reallocate your fixed income between the two activities? Why?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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