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Mathematics, 28.01.2020 02:31 cuhh
3. finding consumer equilibrium tim enjoys consuming both milk and juice. each glass of milk costs pm=$1 , and each glass of juice costs pj=$2 . suppose that tim buys 300 glasses of milk and 200 glasses of juice per year. the following graphs show his marginal utility curves for milk and juice. at his current consumption level, tim's marginal utility from consuming the last glass of milk he bought is mum=30 utils per glass, and his marginal utility from consuming the last glass of juice he bought is muj=30 utils per glass.
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3. finding consumer equilibrium tim enjoys consuming both milk and juice. each glass of milk costs p...
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