If I derive 10 units of utility from an apple but only 7 units from an orange, then I know that:

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If I derive 10 units of utility from an apple but only 7 units from an orange, then I know that:

If I derive 10 units of utility from an apple but only 7 units from an orange, then I know that:
A) the price of an apple exceeds the price of an orange
B) the price of an orange exceeds that of an apple
C) I spend of my income more on apples than on oranges
D) none of the above

Textbook

Microeconomics

Edition: 2^nd

Author: James

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