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Questions and Answers
If a consumer obtains utility from only apples and bananas, which combination provides the same level of utility as consuming 4 apples and 1 banana?
If a consumer obtains utility from only apples and bananas, which combination provides the same level of utility as consuming 4 apples and 1 banana?
- 1 apple and 4 bananas (correct)
- 2 apples and 2 bananas
- 5 apples and 1 banana
- 3 apples and 2 bananas
What combination of apples and bananas gives the consumer a higher level of utility than consuming 1 apple and 3 bananas?
What combination of apples and bananas gives the consumer a higher level of utility than consuming 1 apple and 3 bananas?
- 3 apples and 1 banana
- 1 apple and 2 bananas
- 4 apples and 1 banana
- 2 apples and 2 bananas (correct)
Which combination provides the same level of utility as consuming 2 apples and 3 bananas?
Which combination provides the same level of utility as consuming 2 apples and 3 bananas?
- 1 apple and 4 bananas
- 3 apples and 2 bananas
- 5 bananas (correct)
- 4 apples and 1 banana
Which of the following is true about the consumer's utility function based on the provided information?
Which of the following is true about the consumer's utility function based on the provided information?
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If a consumer wants to maximize utility based on the utility function provided, which combination should be chosen for optimal satisfaction?
If a consumer wants to maximize utility based on the utility function provided, which combination should be chosen for optimal satisfaction?
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