Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility of Pears Jake 6 12 Latasha 6 6 Nick 6 3 Rosa 3 6 Tim 3 12   The price of an apple is $1, and the price of a pear is $2.   Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply. Jake   Latasha   Nick   Rosa   Tim

Principles of Economics, 7th Edition (MindTap Course List)
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Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 13PA
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Five consumers have the following marginal utilities of apples and pears:
Consumer
Marginal Utility of Apples
Marginal Utility of Pears
Jake 6 12
Latasha 6 6
Nick 6 3
Rosa 3 6
Tim 3 12
 
The price of an apple is $1, and the price of a pear is $2.
 
Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply.
Jake
 
Latasha
 
Nick
 
Rosa
 
Tim
Five consumers have the following marginal utilities of apples and pears:
Marginal Utility of Apples
Marginal Utility of Pears
Consumer
Jake
12
Latasha
6.
Nick
6.
3.
Rosa
3.
Tim
3.
12
Transcribed Image Text:Five consumers have the following marginal utilities of apples and pears: Marginal Utility of Apples Marginal Utility of Pears Consumer Jake 12 Latasha 6. Nick 6. 3. Rosa 3. Tim 3. 12
The price of an apple is $1, and the price of a pear is $2.
Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply.
OJake
Latasha
Nick
JRosa
Tim
Transcribed Image Text:The price of an apple is $1, and the price of a pear is $2. Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply. OJake Latasha Nick JRosa Tim
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