Multiple Choice
At her current level of consumption, Jess gets half as much marginal utility from an additional bagel as from an additional muffin. If the price of muffin is $2 each, then Jess is maximizing her utility if the price of a bagel is:
A) $1.00
B) $1.50
C) $2.00
D) $4.00
Correct Answer:
Verified
Correct Answer:
Verified
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