CRen1856 CRen1856
  • 21-01-2020
  • Mathematics
contestada

If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent on this good (MU/P), and what should Callum do?

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laithalhalmi
laithalhalmi laithalhalmi
  • 21-01-2020

Answer:

MU/P has decreased and Callum should buy less of the good.

Step-by-step explanation:

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