Bianca Consumes Apples and Bananas and Is in Consumer Equilibrium

question 186

Multiple Choice

Bianca consumes apples and bananas and is in consumer equilibrium. The marginal utility of the last apple is 10 and the marginal utility of the last banana is 20. If the price of an apple is $0.50, then what is the price of a banana?

• A) $0.10
• B) $0.25
• C) $0.50
• D) $1.00

---

Definitions:

Group Influence

The impact or effect that a group has on the attitudes, values, beliefs, or behaviors of its individual members.

Legitimate Power

A form of authority that is recognized and accepted due to the role or position held by an individual within an organization.

Manager Authority

The power vested in a managerial position to make decisions, give orders, and manage resources within an organization.

Employee Behavior

The actions and conduct of individuals within a workplace, influenced by various factors including personality, culture, and the work environment.