Percy currently buys soup at $4 per bowl, and tea at $2 per cup. His marginal utility from soup is 12 and his marginal utility from tea is 8. The opportunity cost of purchasing one more cup of tea is:
A)1.5
B)2
C)0.66
D)0.5

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The Answer of Percy currently buys soup at $4 per bowl, and tea at $2 per cup. His marginal utility from soup is 12 and his marginal utility from tea is 8. The opportunity cost of purchasing one more cup of tea is:
A)1.5
B)2
C)0.66
D)0.5

Percy Currently Buys Soup at $4 Per Bowl, and Tea