ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Joaquin's marginal utility from an additional slice of pumpkin pie is 16 utils and his marginal utility from an additional slice of pecan pie is 13 utils. If a slice
of pumpkin pie costs $4.00, and a slice of pecan pie costs $3.25, then Joaquin
Multiple Choice
should reallocate his spending towards pecan pie and away from pumpkin ple.
should reallocate his spending towards pumpkin pie and away from pecan ple.
is maximizing his utility.
should spend less on pumpkin pie and less on pecan pie.
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Transcribed Image Text:Joaquin's marginal utility from an additional slice of pumpkin pie is 16 utils and his marginal utility from an additional slice of pecan pie is 13 utils. If a slice of pumpkin pie costs $4.00, and a slice of pecan pie costs $3.25, then Joaquin Multiple Choice should reallocate his spending towards pecan pie and away from pumpkin ple. should reallocate his spending towards pumpkin pie and away from pecan ple. is maximizing his utility. should spend less on pumpkin pie and less on pecan pie.
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