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Fernando Allocates His Lunch Money Between Pizza and Coke

question 51

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Fernando allocates his lunch money between pizza and Coke.A slice of pizza costs $1.50,and a can of Coke costs $1.The marginal utility of the last slice of pizza Fernando ate that day was 30 units,and the marginal utility of the last can of Coke was 25 units.If Fernando decides to spend all of his lunch money,then identify the correct statement.


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