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.
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