Assume that Alex would like to purchase a combination of product A and product B such that, after he is done spending his limited income, the MUa / Pa = 8 and MUb / Pb = 4. To maximize utility without spending more money, Alex should
a. purchase less of productA and more of product B
b. make no change in purchases of productsA and B
c. purchase more of productA and less of product B
d. purchase more of both productA and product B
Answers: 2
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Assume that Alex would like to purchase a combination of product A and product B such that, after he...
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