Business, 07.04.2020 16:57 rutza

Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is 200 utils per ounce. If peanuts cost 10 cents per ounce and cashews cost 25 cents per ounce, is Toby maximizing his total utility from the kinds of nuts?

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Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utili...

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