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Billy Likes Chocolate Bars and Popcorn

Question 15

Multiple Choice

Billy likes chocolate bars and popcorn.Chocolate bars sell for $1.50 each and popcorn sells for $3 a bag.Currently he is in consumer equilibrium with marginal utility per dollar on popcorn equal to 100.What is the marginal utility per dollar on chocolate bars?


A) 50
B) 100
C) 200
D) 25
E) 0.5

Correct Answer:

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