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September 2, 2014

Homework Help: microeconomic

Posted by snizhanna on Sunday, March 11, 2012 at 11:18am.

Suppose you consume three pounds of beef and five pounds of pork per month. The price of beef is $ 1.50 per pound, and pork is $ 2.00 per pound. Assuming you have studied economics and achieved consumer equilibrium, what is the ratio of the marginal utility of beef to the marginal utility of pork?
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