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28 Sep 2019
Find the utility-maximizationcombination of movies and books with the following data.
Price of movie = $4; Price of Book=$2; Income=$20
Quantity
Marginal Utility
Movies
Books
1
54
24
2
48
18
3
42
14
4
36
10
5
33
6
6
27
4
7
18
2
Find the utility-maximizationcombination of movies and books with the following data.
Price of movie = $4; Price of Book=$2; Income=$20
Quantity | Marginal Utility | |
Movies | Books | |
1 | 54 | 24 |
2 | 48 | 18 |
3 | 42 | 14 |
4 | 36 | 10 |
5 | 33 | 6 |
6 | 27 | 4 |
7 | 18 | 2 |
Prachi DabasLv10
28 Sep 2019