Question the marginal utility of the last unit of apples, Ask an Expert

Economics

Question: The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium?

A. $4 and $6

B. $6 and $4

C. $8 and $12

D. $16 and $9

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92598255

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