Multiple Choice
A utility-maximizing consumer is currently spending all of his/her income on two products, A and B. The MU of the last unit of A consumed is 50, the price of A is $25, and the price of B is $10. The MU of the last unit of B consumed is:
A) 50.
B) 5.
C) 2.
D) 20.
E) cannot determine from this limited information
Correct Answer:
Verified
Correct Answer:
Verified
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