Business, 19.12.2019 19:31 estrellagutierrez12
Suppose tim spends his entire income on hot dogs and hamburgers and consumes at least some of both. now suppose that the price of hot dogs increases while the price of hamburgers remains the same. if tim is compensated so that his utility is held constant, which of the following must be true?
a. tim's utility remains the same.
b. tim is better off than he was.
c. tim consumes more hot dogs and fewer hamburgers.
d. tim consumes more hamburgers and fewer hot dogs.
Answers: 1
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Suppose tim spends his entire income on hot dogs and hamburgers and consumes at least some of both....
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