Explain can marginal utility be negative
Can marginal utility be negative? Provide an example using your original thoughts and words. Why is it not sufficient to just compare the marginal utility of two goods when maximizing utility?
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Why would an ounce of gold be priced higher than an ounce of coffee beans, even though coffee is generally considered more essential than gold? Explain the paradox in terms of marginal and total utility.
What is your effective annual interest rate (an opportunity cost) on the revolving credit arrangement if your firm does not use it during the year?
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