Essay
Suppose that every time you go to the library to study economics you buy yourself soda (S) and candy bars (C) as an incentive to study. Having mastered the material on rational choice you always allocate your study snack budget so that MUS/PS = MUC/PC. What should you do if one night you discover that the price of a can of soda has increased?
Correct Answer:
Verified
Correct Answer:
Verified
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