The Marginal Utility of the Last Unit of Apples Consumed

question 232

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:

Parietal Lobe

The parietal lobe is one of the four major lobes of the brain, located at the top middle part of the brain and responsible for processing sensory information related to touch, taste, and temperature.

Sensory Processing

The way the nervous system interprets messages from the senses and turns them into appropriate motor and behavioral responses.

Encephalitis

An inflammation of the brain, often caused by an infection, that can result in neurological symptoms ranging from mild to severe.

Microorganisms

Microorganisms, also known as microbes, are microscopic entities, including bacteria, viruses, fungi, and protozoa, that can have various roles in ecology, medicine, and technology.