Ask Question
22 October, 10:37

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?

+1
Answers (1)
  1. 22 October, 11:05
    0
    MU/P has decreased and Callum should buy less of the good.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers