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At His Current Level of Consumption, Cameron Gets 3 Times

Question 116

Multiple Choice

At his current level of consumption, Cameron gets 3 times more marginal utility from an additional game of pinball than from an additional game of ping pong. If the price of a ping pong game is $0.50, then he is maximizing utility if the price of a pinball game is:


A) $1.00
B) $1.50
C) $2.00
D) $3.00

Correct Answer:

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