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Business, 21.09.2020 05:01 dylan2741

Suppose that Habib has a weekly fixed budget and spends it all on music downloads and snacks. At his current combination of consumption, the marginal utility of the last dollar spent on music downloads is greater than the marginal utility of the last dollar spent on snacks. Has Habib maximized his utility?

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Suppose that Habib has a weekly fixed budget and spends it all on music downloads and snacks. At his...

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