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Gillian Is Consuming Her Optimal Consumption Bundle of Peanuts and Raisins

question 309

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Gillian is consuming her optimal consumption bundle of peanuts and raisins. The marginal utility associated with the last peanut she consumes is 4 utils, and the marginal utility associated with the last raisin is 2 utils. What must be the price of peanuts relative to that of raisins?


Definitions:

Sperm Cell

The male reproductive cell, which can fertilize an egg cell to initiate the development of a new organism.

Genetic Material

Molecules within living cells that carry genetic information, primarily DNA or RNA, which guide the development, functioning, and reproduction of organisms.

Monozygotic (MZ) Twins

Twins that derive from a single zygote that has split into two; identical twins. Each MZ twin carries the same genetic code.

Dizygotic (DZ) Twins

Twins that derive from two zygotes; fraternal twins.

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