Julie,a Student in Dr

question 122

Essay

Julie,a student in Dr.Enz's Introduction to Microeconomics class,asked the question,"Is the way to maximize utility to set the per-dollar marginal utility of each good equal to each other?" Dr.Enz responded,"Close.You are missing one key point to maximizing utility." What did Julie miss when talking about maximizing utility?

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Definitions:

Eurodollar Deposits

U.S. dollars deposited in banks outside the United States, often used in international transactions.