## Answers

The price of apples is $0.75 per unit and the price of bananas is $0.50 per unit. The marginal utility from consuming an apple is 24 utils and it is given that the individual is maximizing the utility. So,

Where

MU_{A} represents the marginal utility from consuming an apple.

MU_{B} represents the marginal utility from consuming a banana.

P_{A} is the price of an apple.

P_{B} is the price of a banana.

Putting the values:

Therefore, the marginal utility from consuming a banana is 16 utils. So, the correct answer is 'option b'.

MUA MUB PA = PE

24 MUA 0.75 - 0.50

MUB =- 0.50 x 24 0.75

MU; = 16

.
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