A Utility Maximizing Person Gets Marginal Utility from Consuming Their

question 8

Multiple Choice

A utility maximizing person gets marginal utility from consuming their last orange and apple of 5 and 10 respectively.If apples cost 90 cents a piece,the oranges must cost

• A) $0.45 a piece.
• B) $0.90 a piece.
• C) $1.80 a piece.
• D) $2.70 a piece.

---

Definitions:

Antitrust Thinkers

Experts or intellectuals who focus on the analysis, critique, and reform of competition laws designed to prevent anticompetitive practices and promote market fairness.

Economic Power

The ability of an individual, company, or nation to influence economic transactions and policies for their benefit.

Political Power

The ability or capacity to influence or control the behavior of people, particularly in the governance and policy-making processes.

Sherman Act

An antitrust law enacted in 1890 that prohibits monopolistic practices and promotes fair competition in the United States.