John is maximizing utility when consuming two goods, French fries and hot dogs. If the marginal utility from the last box of fries John consumed is 60 and the marginal utility of the last hot dog John consumed is 120, and hot dogs cost $1.00 apiece, a box of fries must cost 50 cents.  True or False and Explain your choice.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
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John is maximizing utility when consuming two goods, French fries and hot dogs. If the marginal utility from the last box of fries John consumed is 60 and the marginal utility of the last hot dog John consumed is 120, and hot dogs cost $1.00 apiece, a box of fries must cost 50 cents. 

True or False and Explain your choice.

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