CRen1856 CRen1856

21-01-2020
Mathematics

contestada

If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent on this good (MU/P), and what should Callum do?

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laithalhalmi laithalhalmi

21-01-2020

Answer:

MU/P has decreased and Callum should buy less of the good.

Step-by-step explanation:

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