Business
Business, 09.07.2019 21:00, sarbjit879

Suppose you have a limited money income and you are purchasing products a and b whose prices happen to be the same. to maximize your utility you should purchase a and b in such amounts that: their marginal utilities are the same. their total utilities are the same. their marginal and total utilities are proportionate. the income and substitution effects associated with each are equal.

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