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Samir Consumes Apples and Bananas and Is in Consumer Equilibrium

Question 14

Multiple Choice

Samir consumes apples and bananas and is in consumer equilibrium.The marginal utility from his last apple is 10 and the marginal utility from his last banana is 5.If the price of an apple is $0.50,then what is the price of a banana?


A) $0.05
B) $0.10
C) $0.25
D) $0.50
E) $1.00

Correct Answer:

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