Two goods are purchased such that the marginal utility, Ask an Expert

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Two goods are purchased such that the marginal utility derived from A is 440 utils, and from B is 870 utile; the price of B is $11 and the price of A is $5.50. For a given total dollar amount spent on these two items, has total utility (combined) been maximized? Why or why not?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91385525

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