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This was a question on a microeconomics quiz.
This was a question on a microeconomics quiz. Can someone help me with the formula on how to reach this answer. Any help would be great.
Amy purchased 4 cantaloupes at $2 per cantaloupe and 3 watermelons at $4 per watermelon. If Amy is following the optimal consumption rule, the marginal utility of the fourth cantaloupe and third watermelon are:
The correct answer was: 12 and 24, respectively