solved : A child is given $4 of pocket money to be spent on either ha
A child is given $4 of pocket money to be spent on either hard… A child is given $4 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 10 cents and hard candies 50 cents each. The marginal utilities derived from each product are as shown in the following table.?Number of Items MU of Chocolates MU of Hard Candies1 60150 2 50140 3 40120 4 30100 5 20 80 6 1070 7 5 50 8 020?f the child buys either chocolates or hard candies one piece at a time, what will be his first two purchases?BusinessEconomicsMicroeconomicsMICROECONO 365
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