Business, 21.07.2020 19:01 kaliemn7oyqxuy

Question #2 Max worksheet/handout! When choosing between two goods, and given total utility figures, be able to calculate marginal utility for the two goods. Furthermore, determine marginal utility per dollar (MU/$) for each good. Remember, compare MU/$ of each good to determine which good you will choose next. Considering a budget or income, you should keep choosing the good that has the highest MU/$ until your budget or income is spent. This resulting combination of goods maximizes your total utility! Remember Max!

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Question #2 Max worksheet/handout! When choosing between two goods, and given total utility figures,...

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