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Economics

Given the marginal utility & cost for the two products A & B, justify for the utility maximizing units.

Consider two products A and B which has the same unit price. A consumer consumes some quantities of A and B and discovered that at the last unit of A his marginal utility is 45 utils while at the last unit of B his marginal utility is 52 utils. Is he maximizing his total utility? If yes, justify your answers. If no, illustrate what should he do in order to maximize total utility?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M922862

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