37. Suppose that Mariam drinks coffee and tea and is in consumer equilibrium The marginal utility of the last cup of coffee that she drank wak 8 while the marginal utility of the last cup of tea she had was 7 If the price of the (ea is RO 0.70 per cup, what is the price of a cup of coffee? a. RO 1.14 (b) RO 0.80 c. RO 0.88 d. RO 0.61 DC 070 00 11

37. Suppose that Mariam drinks coffee and tea and is in consumer equilibrium The marginal utility of the last cup of coffee that she drank wak 8 while the marginal utility of the last cup of tea she had was 7 If the price of the (ea is RO 0.70 per cup, what is the price of a cup of coffee? a. RO 1.14 (b) RO 0.80 c. RO 0.88 d. RO 0.61 DC 070 00 11

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 1.3P

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