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AP® Microeconomics

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Utility-Maximization: Lobster and Tilapia

APMICR-UIERLG

If the price of lobster is 4 times the price of tilapia, and the marginal utility of tilapia is 8, what must be the marginal utility of lobster if a utility-maximizing consumer is buying both?

A

2

B

4

C

8

D

32

E

64