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a) Fill in the marginal utility schedule and the MU/P. Does this person exhibit Diminishing
Marginal Returns? Why or why not? b) Now suppose this person had another product to choose
from, that being slurpees: Given a budget constraint of $8, what combination of goods would
maximize this person's utility?

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a) Fill in the marginal utility schedule and the MUP. Does this pers.pdf

  • 1. a) Fill in the marginal utility schedule and the MU/P. Does this person exhibit Diminishing Marginal Returns? Why or why not? b) Now suppose this person had another product to choose from, that being slurpees: Given a budget constraint of $8, what combination of goods would maximize this person's utility?