Answer to Question #152823 in Microeconomics for Ahmed

Question

Mr. Z consumes hot drinks and blue trouser. At prices of Rs. 2 for a pair of hot drinks and Rs. 2 for blue trouser, his marginal utility of consuming another unit of blue trouser is 4, and his marginal utility of another pair of hot drinks is 2. (hint: graph hot drinks on the y-axis and blue trouser on the x-axis)

Give a short answer with graph.

Answer 1

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