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Suppose That Utility-Maximizing Consumers in San Francisco Pay Three Times

Question 5

Multiple Choice

Suppose that utility-maximizing consumers in San Francisco pay three times as much for apples as for peaches.What is the ratio of the marginal utility of apples to the marginal utility of peaches?


A) 1/3
B) 2/3
C) 3
D) none of the above
E) cannot determine without further information

Correct Answer:

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