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Bianca Consumes Apples and Bananas and Is in Consumer Equilibrium

Question 186

Multiple Choice

Bianca consumes apples and bananas and is in consumer equilibrium. The marginal utility of the last apple is 10 and the marginal utility of the last banana is 20. If the price of an apple is $0.50, then what is the price of a banana?


A) $0.10
B) $0.25
C) $0.50
D) $1.00

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