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21-10-2022
Business

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you like candy and cake. after using your entire $30 budget at the sugar store you find that the marginal utility from the last candy you consumed was 60 and the last piece of cake was 30. assuming you have maximize your utility, what could be true about the prices of cake and candy? a. cake must cost twice as much as candy. b. both goods have prices that are equal. c. candy must cost twice as much as cake.

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