Hani has two goods available to purchase bushes b and trees


Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Hani has two goods available to purchase bushes b and trees
Reference No:- TGS01464032

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)