Economics Today: The Micro View (18th Edition)
18th Edition
ISBN: 9780133885071
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 20, Problem 20.2LO
To determine
Why is an optimal choice obtained on equalizing
Concept Introduction:
Marginal utility refers to the addition to the total utility when one more unit of a good is consumed. In other words, it is the additional utility derived from consuming one additional commodity.
Where,
- is the change in total utility
- is the change in quantity of good consumed
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Chapter 20 Solutions
Economics Today: The Micro View (18th Edition)
Ch. 20.F - Prob. 1PCh. 20.F - Prob. 2PCh. 20.F - Prob. 3PCh. 20.F - Prob. 4PCh. 20.F - Prob. 5PCh. 20.F - Prob. 6PCh. 20.F - Prob. 7PCh. 20.F - Prob. 8PCh. 20.F - Prob. 9PCh. 20.F - Prob. 10P
Ch. 20 - Prob. 20.1LOCh. 20 - Prob. 20.2LOCh. 20 - Prob. 20.3LOCh. 20 - Prob. 20.4LOCh. 20 - Prob. 20.1SCCh. 20 - Prob. 20.2SCCh. 20 - Prob. 20.3SCCh. 20 - Prob. 20.4SCCh. 20 - Prob. 1CTQCh. 20 - Prob. 2CTQCh. 20 - Prob. 1FCTCh. 20 - Prob. 2FCTCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4PCh. 20 - Prob. 5PCh. 20 - Prob. 6PCh. 20 - Prob. 7PCh. 20 - Prob. 8PCh. 20 - Prob. 9PCh. 20 - Prob. 10PCh. 20 - Prob. 11PCh. 20 - Prob. 12PCh. 20 - Prob. 13PCh. 20 - Prob. 14PCh. 20 - Prob. 15PCh. 20 - Prob. 16PCh. 20 - Prob. 17P
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