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Business, 18.07.2019 07:30 dearydn22

Suppose the marginal utility for the last pencil you buy is 36 and each costs $1, whereas the marginal utility of the last pad of paper you buy is 300 and costs $2. are you maximizing utility? no. you need to buy more paper and fewer pencils. yes. no. you need to buy more pencils and less paper. no. you need to buy less paper and fewer pencils.

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