Multiple Choice
Suppose the price of an apple is $0.75, and the price of a banana is $0.50. If Hugh is maximizing his utility, and his marginal utility from consuming an apple is 24 utils, then his marginal utility from consuming a banana must be:
A) 12 utils.
B) 16 utils.
C) 32 utils.
D) 36 utils.
Correct Answer:
Verified
Correct Answer:
Verified
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