If Ty's marginal utility for a cup of coffee is 20 and his marginal utility of a donut is 10, then A. they should both be purchased. B. coffee should be his next purchase. C. a donut should be his next purchase. D. price information is also needed to determine what Ty should purchase next.
If Ty's marginal utility for a cup of coffee is 20 and his marginal utility of a donut is 10, then A. they should both be purchased. B. coffee should be his next purchase. C. a donut should be his next purchase. D. price information is also needed to determine what Ty should purchase next.
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 1.3P
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If Ty's
A. they should both be purchased.
B. coffee should be his next purchase.
C. a donut should be his next purchase.
D. price information is also needed to determine what Ty should purchase next.
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