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    Foundations of Macroeconomics
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    Exam 13: Consumer Choice and Demand
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    Explain Why Total Utility Is Maximized When the Marginal Utility
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Explain Why Total Utility Is Maximized When the Marginal Utility

Question 291

Question 291

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Explain why total utility is maximized when the marginal utility per dollar from a good is equal across goods.

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It is easiest to prove that total utilit...

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