The Prices Per Pound of Apples, Pears, and Grapes Are

question 160

Multiple Choice

The prices per pound of apples, pears, and grapes are $1.50, $2, and $2.50, respectively. Clara's marginal utils for the last pound bought of each is 40 MU for apples, 45 MU for pears, and 50 MU for grapes. If Clarissa wants to maximize utility out of her limited budget for fruit, she should buy

• A) the same mix of apples, pears, and grapes.
• B) more apples and fewer grapes.
• C) more pears and fewer apples.
• D) more grapes and fewer pears.

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Definitions:

Ounces

A unit of weight in the avoirdupois (approximately 28.35 grams) or troy (approximately 31.10 grams) systems.

Gold

A precious metal with high economic value, often used in jewelry, electronics, and as an investment.

Turquoise

A blue-to-green mineral that's often used as a gemstone in jewelry and decorative items.

Gallons

A unit of volume used in the United States customary and British imperial systems, used mainly for measuring liquids.