In January 2025
Answer to Question #185111 in Microeconomics for Thando
The marginal utility per rand of good A exceeds the marginal utility per rand of good B.
Which of the following statement(s) is/are correct?
If the marginal utility per rand of good A exceeds the marginal utility per rand of good B, then the consumer should increase consumption of good A and decrease consumption of good B to maximize his utility.
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