Essay
Assume that Maia spends all her income on halvah (X) and pomegranates (Y) and is purchasing the optimal consumption bundle.If MUX/MUY = 3 and the price of halvah is $12, then the price of pomegranates is:
A.$36.
B.$4.
C.$12.
D.$3.
Correct Answer:
Verified
Related Questions
Q26: At the optimal consumption bundle:
A) the marginal
Q343: If Minh purchases a combination of dish
Q345: Q346: Jenny believes that spending one hour studying Q347: Suzy knows she has maximized her utility, Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()