Bianca Consumes Apples and Bananas and Is in Consumer Equilibrium

question 186

Multiple Choice

Bianca consumes apples and bananas and is in consumer equilibrium. The marginal utility of the last apple is 10 and the marginal utility of the last banana is 20. If the price of an apple is $0.50, then what is the price of a banana?

• A) $0.10
• B) $0.25
• C) $0.50
• D) $1.00

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Definitions:

Self-Protective Leadership

A leadership style focused on ensuring the safety, security, and welfare of the leader and the group, often prioritizing risk avoidance and security measures.

Conflict Inducing

Actions or situations that provoke disagreement or hostilities between individuals or groups, potentially disrupting harmony and cooperation.

Status Conscious

Aware of, and giving importance to, one's position or status within a hierarchy or society, often influencing behavior and social interactions.

Cross-Cultural Awareness

The understanding and appreciation of cultural differences, enhancing the ability to interact effectively with people from diverse backgrounds.