The Marginal Utility of the Last Unit of Apples Consumed

question 183

Multiple Choice

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

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Definitions:

Thomas Drayton

A Confederate brigadier general during the American Civil War, known for his service in the Confederate States Army.

Confederate Cause

The ideological and political movement advocating for the secession of Southern states from the United States to preserve slavery and states' rights, leading to the American Civil War.

Northern Aggression

A term often used in the context of American history, particularly referring to the military actions of the Union against the Confederate South during the Civil War.