Evan Gets Twice as Much Marginal Utility from an Additional

question 27

Multiple Choice

Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda.If the price of soda is $1.00 per bottle,then Evan is maximizing utility if the price of a bottle of water is

• A)$1.00
• B)$1.50
• C)$2.00
• D)$.50

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