Suppose That Jon Is Purchasing the Optimal Amounts of Apples

question 103

Multiple Choice

Suppose that Jon is purchasing the optimal amounts of apples and oranges.The marginal utility of the last apple is 8 and of the last orange is 6.If the price of an apple is $1,what must be the price of an orange?

• A)50 cents.
• B)75 cents.
• C)$1.33.
• D)$1.40.
• E)Cannot be determined from this information.

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Definitions:

Clique Type Behavior

Group behavior characterized by exclusivity and intense loyalty among members, often excluding others.

Verbal Conduct

The use of words and language in interactions, which can significantly influence interpersonal communications and the workplace environment.

Physical Conduct

Behavior that involves physical actions or activities, which can range from gestures and movement to physical interaction with objects or people.

Culturally Diverse Work Force

A workforce composed of employees from a variety of different racial, ethnic, gender, cultural, and national backgrounds, enhancing creativity and problem-solving by including multiple perspectives.