Question

Assume you can only spend your money on oranges, apples, and bananas. Oranges cost $1.00, apples cost $1.00, and bananas cost $0.50. The table below shows the marginal utility per dollar spent on each fruit. (Note that these values are counted separately for each type of fruit. In other words, no matter how many oranges you've consumed, the marginal utility per dollar spent on your first apple is 14.) Quantity (pieces of each fruit) | MU oranges/ Price oranges | MU apples/ Price apples | MU bananas/ Price bananas ---|---|---|--- 1 | 15 | 14 | 12 2 | 13 | 11 | 9 3 | 11 | 9 | 8 4 | 9 | 7 | 7 5 | 7 | 5 | 6 6 | 5 | 3 | 4 7 | 3 | 1 | 2 8 | 1 | 0 | 0 9 | -1 | -1 | -3 10 | -2 | -3 | -5 11 | -4 | -5 | -8 12 | -7 | -7 | -15

          Assume you can only spend your money on oranges, apples, and bananas. Oranges cost $1.00, apples cost $1.00, and bananas cost $0.50. The table below shows the marginal utility per dollar spent on each fruit.

(Note that these values are counted separately for each type of fruit. In other words, no matter how many oranges you've consumed, the marginal utility per dollar spent on your first apple is 14.)

Quantity (pieces of each fruit) | MU oranges/ Price oranges | MU apples/ Price apples | MU bananas/ Price bananas
---|---|---|---
1 | 15 | 14 | 12
2 | 13 | 11 | 9
3 | 11 | 9 | 8
4 | 9 | 7 | 7
5 | 7 | 5 | 6
6 | 5 | 3 | 4
7 | 3 | 1 | 2
8 | 1 | 0 | 0
9 | -1 | -1 | -3
10 | -2 | -3 | -5
11 | -4 | -5 | -8
12 | -7 | -7 | -15

Assume you can only spend your money on oranges, apples, and bananas. Oranges cost 1.00, apples cost1.00, and bananas cost 0.50. The table below shows the marginal utility per dollar spent on each fruit.

(Note that these values are counted separately for each type of fruit. In other words, no matter how many oranges you've consumed, the marginal utility per dollar spent on your first apple is 14.)

Quantity (pieces of each fruit) | MU oranges/ Price oranges | MU apples/ Price apples | MU bananas/ Price bananas
—|—|—|—
1 | 15 | 14 | 12
2 | 13 | 11 | 9
3 | 11 | 9 | 8
4 | 9 | 7 | 7
5 | 7 | 5 | 6
6 | 5 | 3 | 4
7 | 3 | 1 | 2
8 | 1 | 0 | 0
9 | -1 | -1 | -3
10 | -2 | -3 | -5
11 | -4 | -5 | -8
12 | -7 | -7 | -15

Added by Enias M.

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