Multiple Choice
Samantha 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) $5.
C) $2.50.
D) $20.
Correct Answer:
Verified
Correct Answer:
Verified
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