Answer:
The correct answer is:
$4 (D.)
Explanation:
From the question, we are told that:
the price of halvah (MUH)= $12
the price of pomegranates (MUP)= ????
Next, we are also told that the optimal consumption ratio of MUH to MUP = 3
This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3
MUH/MUP = 3
12/MUP = 3
MUP = [tex]\frac{12}{3} = 4[/tex]
MUP = $4
