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  • 27-01-2020
  • Social Studies
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Why producers want to increase consumers utility

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rachaelmorozov
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  • 06-02-2020

Answer:

Consumers must choose among alternative goods with their limited money incomes. The Utility Maximization rule states: consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.

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