Business, 18.09.2019 16:10 haymish5810

Assume you spend all of your income on two goods: peanuts and chips. also assume that you are consuming the combination of peanuts and chips that maximize your utility. which of the following statements is true? a. if the price of peanuts is equal to the price of chips, then the marginal utilities must also be equalb. if the price of peanuts is less than the price of chips, then the marginal utility of peanuts is more than the marginal utility of chipsc. the marginal utilities of the two goods and their prices are not related

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Assume you spend all of your income on two goods: peanuts and chips. also assume that you are consu...

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