Business, 30.03.2020 16:56 diego481

Michael is maximizing utility by consuming three colas at $3 a piece and four hot dogs. The last cola gave him 300 units of utility, and the last hot dog gave him 500 units of utility. The price of each hot dog is: A. $4.00. B. $3.00. C. $5.00. D. $2.50.

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Michael is maximizing utility by consuming three colas at $3 a piece and four hot dogs. The last col...

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