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    Economics-Microeconomics
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    Exam 8: Utility and Demand
  5. Question
    If It Costs $12
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If It Costs $12

Question 202

Question 202

True/False

If it costs $12.00 to go to the movies and $30.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 25.

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