Multiple Choice
At her current consumption level,Betty gets twice as much marginal utility from an additional bottle of soda as she does from an additional bottle of water.If she is maximizing her utility and the price of soda is $2 per bottle,then the price of a bottle of water must be
A) $1.00.
B) $2.00.
C) $4.00.
D) $8.00.
Correct Answer:
Verified
Correct Answer:
Verified
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