Haileystdd1061 Haileystdd1061

03-04-2024
Business

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Frank is purchasing products C and D in utility-maximizing amounts. If the price of C is 6, and the price of D is 3, then:
a) The marginal utility of C is twice that of D.
b) Frank's budget constraint is not given.
c) Frank will buy more of product D than product C.
d) The marginal utility of C is half that of D.

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