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✪ ③ Feedback According to the table, what is the consumer equilibrium for a $6 budget if the price of passion fruits is $1 and the price of apricots is also $1? Number of Marginal Total utility Number Marginal utility of utility of utility of passion passion of passion apricots apricots fruits fruits apricots fruits 0123456 ༠ ཋ ཡི 8 8 8 མི - 10 9 7 4 0 -1 0123456 0 - 8 8 15 21 25 27 27 76420 3 passion fruits 2 apricots See Hint 1st attempt Feedback Bounded rationality results from Choose one or more: A. short decision-making times B. limited information C. long decision-making times D. limited brain-processing capability See Hint

✪ ③ Feedback According to the table, what is the consumer equilibrium for a $6 budget if the price of passion fruits is $1 and the price of apricots is also $1? Number of Marginal Total utility Number Marginal utility of utility of utility of passion passion of passion apricots apricots fruits fruits apricots fruits 0123456 ༠ ཋ ཡི 8 8 8 མི - 10 9 7 4 0 -1 0123456 0 - 8 8 15 21 25 27 27 76420 3 passion fruits 2 apricots See Hint 1st attempt Feedback Bounded rationality results from Choose one or more: A. short decision-making times B. limited information C. long decision-making times D. limited brain-processing capability See Hint

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 9RQ: Explain why individuals make Choices that are directly on the budget constraint, rather than inside...
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✪ ③ Feedback According to the table, what is the consumer equilibrium for a $6 budget if the price of passion fruits is $1 and the price of apricots is also $1? Number of Marginal Total utility Number Marginal utility of utility of utility of passion passion of passion apricots apricots fruits fruits apricots fruits 0123456 ༠ ཋ ཡི 8 8 8 མི - 10 9 7 4 0 -1 0123456 0 - 8 8 15 21 25 27 27 76420 3 passion fruits 2 apricots See Hint
Transcribed Image Text:✪ ③ Feedback According to the table, what is the consumer equilibrium for a $6 budget if the price of passion fruits is $1 and the price of apricots is also $1? Number of Marginal Total utility Number Marginal utility of utility of utility of passion passion of passion apricots apricots fruits fruits apricots fruits 0123456 ༠ ཋ ཡི 8 8 8 མི - 10 9 7 4 0 -1 0123456 0 - 8 8 15 21 25 27 27 76420 3 passion fruits 2 apricots See Hint
1st attempt Feedback Bounded rationality results from Choose one or more: A. short decision-making times B. limited information C. long decision-making times D. limited brain-processing capability See Hint
Transcribed Image Text:1st attempt Feedback Bounded rationality results from Choose one or more: A. short decision-making times B. limited information C. long decision-making times D. limited brain-processing capability See Hint
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