Last Sunday, Olive went to a restaurant. She narrowed her appetizer choices to shrimp cocktail at a price of $6.00 or calamari at a price of $8.00. She ultimately chose the calamari. As a result, what can be concluded about the relationship between Olive's marginal utilities for shrimp coctail and calamari? (It says to indicate a specific numeric relationship)

Last Sunday, Olive went to a restaurant. She narrowed her appetizer choices to shrimp cocktail at a price of $6.00 or calamari at a price of $8.00. She ultimately chose the calamari. As a result, what can be concluded about the relationship between Olive's marginal utilities for shrimp coctail and calamari? (It says to indicate a specific numeric relationship)

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2QFR

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