If Bread Costs $1 Per Pound and Meat Costs $4

question 2

Multiple Choice

If bread costs $1 per pound and meat costs $4 per pound,a consumer whose marginal utility of meat equals 80 utils per pound is maximizing utility only if the marginal utility per pound of bread equals

• A)4 utils
• B)5 utils
• C)10 utils
• D)20 utils
• E)80 utils

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Definitions:

Denisovans

An extinct species or subspecies of archaic humans in the genus Homo, known primarily from their DNA extracted from fossil remains found in Siberia.

Neanderthals

An extinct species of human, closely related to modern humans, that lived in Europe and parts of Asia until approximately 40,000 years ago.

Hominin Tools

Tools made by hominins, ancestors of modern humans, used to aid in activities such as hunting, processing food, and constructing shelters.

Left Africa

Refers to the migration of Homo sapiens out of Africa approximately 60,000 to 80,000 years ago, leading to the eventual global distribution of humans.