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
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
All but one of the following is a mechanism intended to provide reassurance against imperfect information. Which is it? A. certification of labor B. collateral C. reputation D. financial capital markets
Answers (1)
Which type of closing requests the employer to call you for an interview? a. active close b. passive close c. empty close d. interactive
Answers (1)
Michael Chang buys only tennis rackets during a particular year. During the year in question, the price of all goods rises by 10% on average, but the price of tennis rackets remains the same. Which statement is correct? a.
Answers (1)
What two reasons would cause you to not give a customer a quote
Answers (1)
g in which one of the following instances is it not advantageous to concentrate a company's activities in a few locations when an international or global competitor is attempting to build competitive advantage
Answers (1)
New Questions in Business
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)