Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Derek has $1 to spend at the grocery store. An apple, an orange, and a banana cost $0.50 each. If Derek's MUA/PA (ratio of marginal utility to price) of an apple is 45, MUO/PO of an orange is 38, and MUB/PB of a banana is 52, he will purchase a(n) _____ first and a(n) _____ second.
A) apple; orange
B) orange; apple
C) banana; orange
D) banana; apple
E) orange; banana
Correct Answer:

Verified
Correct Answer:
Verified
Q34: The below figure shows the various combinations
Q35: The table given below depicts the total
Q36: Scenario 5.1<br>The demand for noodles is given
Q37: The below figure shows the various combinations
Q38: The table below shows the total utility
Q40: The below table shows the average utility
Q41: The below indifference map shows the various
Q42: The table below shows the total utility
Q43: The below table shows the average utility
Q44: The below indifference map shows the various