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| 1. |
Assume that utility can be measured in rupees. From the utility schedule, find how many cakes the consumer would consume at the price of ` 9 per cake: Cakes. 1 2 3 4 5 Total Utility 30 45 54 59 59 (a) 4 (b) 3 (c) 2 (d) 5 |
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