If by purchasing more apples and fewer oranges you increase your total utility, then apples must be cheaper than oranges.

Name: If by purchasing more apples and fewer oranges you increase your total utility, then apples must be cheaper than oranges.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Utility is a measure of satisfaction, not directly related to price. Increasing utility by buying more apples and fewer oranges could be due to a higher preference for apples, not necessarily their price.

If by Purchasing More Apples and Fewer Oranges You Increase