How did we calculate the ratio of the marginal utility

Reference no: EM13199627

Suppose you consume three pounds of beef and five pounds of pork per month. The price of beef is $ 1.50 per pound, and pork is $ 2.00 per pound. Assuming you have studied economics and achieved consumer equilibrium.

what is the ratio of the marginal utility of beef to the marginal utility of pork?

Reference no: EM13199627

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