32. Suppose that Mariam drinks coffee and tea and is in consumer equilibrum. marginal utility of the last cup of coffee that she drank was 8, while the marginal utility of the last cup of tea she had was 7. If the price of the tea is RO 0.70 per cup, what is the price of a cup of coffee? a RO 1.14 O RO 0.80 c. RO 0.88 d. RO 0.61 Mu : 8 nP coff Mu 0-70 Mu : 7
32. Suppose that Mariam drinks coffee and tea and is in consumer equilibrum. marginal utility of the last cup of coffee that she drank was 8, while the marginal utility of the last cup of tea she had was 7. If the price of the tea is RO 0.70 per cup, what is the price of a cup of coffee? a RO 1.14 O RO 0.80 c. RO 0.88 d. RO 0.61 Mu : 8 nP coff Mu 0-70 Mu : 7
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 1.3P
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