At Current Levels The Marginal Utility Of An Apple Is 20 And The Price Of An App

At current levels, the marginal utility of an apple is 20 and the price of an apple is $2. The marginal utility

of an orange is 10 and the price of an orange is $1. From this information you know that…

(a.) In order to increase utility, you should consume more apples and/or fewer oranges.

(b.) In order to increase utility, you should consume more oranges and/or fewer apples.

(c.) You should change nothing.

(d.) Not enough information to answer this question.

Prof. Angela

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