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Suppose That Jon Is Purchasing the Optimal Amounts of Apples

Question 103

Multiple Choice

Suppose that Jon is purchasing the optimal amounts of apples and oranges.The marginal utility of the last apple is 8 and of the last orange is 6.If the price of an apple is $1,what must be the price of an orange?


A) 50 cents.
B) 75 cents.
C) $1.33.
D) $1.40.
E) Cannot be determined from this information.

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