In spending all his income on beer and pizza fred finds, Ask an Expert

Economics

In spending all his income on beer and pizza, Fred finds that the marginal utility of the last pizza is currently 8, the marginal utility of the last bottle of beer is 4, and the price of a bottle of beer is $1.50. If Fred has maximized his utility, the price of a pizza is:

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91387931

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