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Question
Kati-Lyn has to choose between eating Chinese food and Indian food. Both Chinese food and Indian food cost the same. Which of the following equations, where MU is marginal utility and U is total utility, will lead to the optimal level of consumption?
a. MUChinese< MUIndian
b. MUChinese> MUIndian
c. MUChinese= MUIndian
d. UChinese= UIndian
e. UChinese> UIndian
Answer
This answer is hidden. It contains 68 characters.
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