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Suppose That Janis Is Maximizing Her Total Utility from Chairs

Question 140

Multiple Choice

Suppose that Janis is maximizing her total utility from chairs and tables.If the marginal utility of the last table she purchased is 200 utils,and the prices of chairs and tables are $50 and $100,respectively,then the marginal utility of the last chair she purchased


A) is 100 utils
B) is 400 utils
C) is 200 utils
D) is 50 utils
E) cannot be determined without more information

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