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Has he allocated his entire budget

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Reference no: EM13339498

Is "utility" another word for the cost we give up when we consume a good?

"As Rob consumes more dates over the course of a day, it is likely that his marginal utility from date consumption will rise." Is the previous statement likely correct or incorrect?

If Tommy is consuming a combination of goods and services on his budget line, has he allocated his entire budget?

Reference no: EM13339498

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