assignement - What is the utility maximizing combination?...

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PROBLEM SET 1 Microeconomics – Utility A. Unit of Product A Product A Product B Product B Product Price $1 - MU MU/P a Price $2 – MU MU/P b 1 10 24 2 8 20 3 7 18 4 6 16 5 5 12 6 4 6 7 3 4 Given the above data, what is the utility maximizing combination with an income of $10? B. Assume the price of B drops to $1.
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Unformatted text preview: What is the utility maximizing combination? C. Construct a Demand Schedule for B given the above data. What does this data indicate about the relationship between the Law of DMU and the Demand Curve....
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This note was uploaded on 07/09/2009 for the course ECON 2302 taught by Professor Sally during the Spring '09 term at Texas Woman's University.

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assignement - What is the utility maximizing combination?...

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