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Mark consumes only cookies and books. At his current consumption bundle, his marginal utility from books is 10 and from cookies is 5. Each book costs $10 ,and each cookie costs $2. Is he maximizing his utility? describe. If he is not , how can he increase his utility while keeping his total expenditure constant?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M942131

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