Suppose the price of an apple is $0.75, and the price of a banana is $0.50. If Hugh is maximizing his utility, and his marginal utility from consuming an apple is 24 utils, then his marginal utility from consuming a banana must be:
a. 12 utils.
b. 16 utils.
c. 32 utils.
d. 36 utils.
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Suppose the price of an apple is $0.75, and the price of a banana is $0.50. If Hugh is maximizing hi...
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