Consume more novels-fewer CDs or more CDs and fewer novels

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Reference no: EM13896936

Suppose that Parvez, a pharmacology student is spending $120 budget on paperback novels and used CD's. For novels, MU/P = 5 ; for CD's, MU/P = 4.

A. Is he maximizing his utility? Why yes, why not? Explain

B. If not should he consume more novels and fewer CD's or more CD's and fewer novels? Explain briefly

Reference no: EM13896936

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