The Below Table Shows the Average Utility (In Utils) Obtained

question 39

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Derek has $1 to spend at the grocery store. An apple, an orange, and a banana cost $0.50 each. If Derek's MU_A/P_A (ratio of marginal utility to price) of an apple is 45, MU_O/P_O of an orange is 38, and MU_B/P_B of a banana is 52, he will purchase a(n) _____ first and a(n) _____ second.

• A)apple; orange
• B)orange; apple
• C)banana; orange
• D)banana; apple
• E)orange; banana

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