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Business, 26.10.2021 03:00 Oso29

Margaret spends her entire budget on smoothies and muffins. The last smoothie provided Margaret with 10 additional utils, and the last muffin provided her with 25 additional utils. The price of a muffin is twice that of a smoothie. Assuming that diminishing marginal utility applies to both goods, Margaret should consume smoothies and muffins.

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