Multiple Choice
Jane is maximizing total utility while consuming food and clothing.Her marginal utility from food is 50,and her marginal utility from clothing is 25.If clothing is priced at $10 per unit,the price of food per unit must be
A) $2.
B) $2.50.
C) $5.
D) $20.
Correct Answer:
Verified
Correct Answer:
Verified
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