suppose that marginal utility of good a is 4
Suppose that marginal utility of good A is 4 times the marginal utiltiy of good b, but the proce of good Ais only 2 times the proce of ggod b. Is this point consumer equilibrium? if not what will occur?
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suppose that marginal utility of good a is 4 times the marginal utiltiy of good b but the proce of good ais only 2 times the proce of ggod b is this
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a state and explain the law of diminishing marginal utility and do the same for the law of diminishing returnsb identify and explain two similarities
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