Task 4. Five consumers have the following marginal utility of apples and pears: Apples (MU) Pears (MU) Ian 12 Gregory Elina 6. 3 Christina Nataly The price of apples is 2 euros, but the price of pears is 1 euro. Which of these consumers, mentioned in the table above, if any, optimizes fruit choices to achieve consumer balance? Explain your answer. 12 3

Task 4. Five consumers have the following marginal utility of apples and pears: Apples (MU) Pears (MU) Ian 12 Gregory Elina 6. 3 Christina Nataly The price of apples is 2 euros, but the price of pears is 1 euro. Which of these consumers, mentioned in the table above, if any, optimizes fruit choices to achieve consumer balance? Explain your answer. 12 3

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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