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Cheese Is Priced at $5 Per Pound and Wine at $10

Question 13

Multiple Choice

Cheese is priced at $5 per pound and wine at $10 per bottle.A consumer who enjoys both cheese and wine will not be in consumer equilibrium until the marginal utility of a pound of cheese is:


A) four times that of wine.
B) one-fourth that of wine.
C) two times that of wine.
D) one-half that of wine.

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