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Peanuts Are $3 Per Pound and Cashew Nuts Are $5

Question 60

Multiple Choice

Peanuts are $3 per pound and cashew nuts are $5 per pound.If the marginal utility from consuming the last pound of cashew nuts equals 15 utils,then the marginal utility from consuming the last pound of peanuts in consumer equilibrium should equal:


A) 18 utils.
B) 15 utils.
C) 9 utils.
D) 5 utils.

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