Business, 14.05.2021 20:30, Geo777

Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound. Robinson's marginal utility is 30 for the last pound of mangos purchased and 10 for the last pound of bananas. If Robinson maximizes his utility from consuming these goods, the price of bananas is

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Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound. Robinson's marginal...