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Principles of economics

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Muchuu works for a loadsheding firm and gets remurated a monthly wage of k500. 00.He always spent all the k500. 00 on buying 5kg of mealie meal only which he buys at k100/kg. One day, amidst of covid 19 pandemic, the price of mealie meal increased to k120/Kg. Due to the snap change in the price, muchuu's supervisor approached him and gave him two options to choose from.

1. Reduce muchuu's wage to k400 and supplying him with 5kg of mealie meal at k80/kg monthly.

2. Increase his wage to k600. 00

As a smart student of principles of economics, kindly advise muchuu to make a justified rational choice.

Reference no: EM132501253

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