Lance Francis March 10, 2013 Micro Economics Narrative The five different goods that were included in this project are cola, pretzels, nuts, pizza, and chips. The given income that we were limited by was $106. The prices of the goods were cola $18, pretzels $4, nuts $6, pizza $24, and chips which was $1. Primarily what I did was find the marginal utility for each individual good. The equation that I used to find the marginal utility was change in total utility/ change in quantity. I check my answer…
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