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Question
| Quantity of Magazines/Wk | Total Utility | Quantity of Paperbacks/Wk | Total Utility |
| 0 | 0 | 0 | 0 |
| 1 | 60 | 1 | 200 |
| 2 | 100 | 2 | 400 |
| 3 | 130 | 3 | 500 |
| 4 | 140 | 4 | 550 |
| 5 | 142 | 5 | 575 |
| 6 | 142 | 6 | 580 |
Refer to the above table. If the consumerʹs equilibrium consists of 4 magazines and 4 books, then we know that
A) the price of a magazine is 5 times more than the price of a book.
B) the price of a magazine is 6 times more than the price of a book.
C) the price of a book is 5 times more than the price of a magazine.
D) the price of a book is 3 times more than the price of a magazine.
Answer
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