QUESTION 33

1. John eats shrimp and swordfish.The price of shrimp is $10/lb and the price of swordfish is $20/lb.Let a 'util' be a unit of utility.

Suppose that John is consuming both shrimp and swordfish and that the marginal utility of swordfish is 30 utils. Assume further that he

is maximizing his utility.It follows that the marginal utility of shrimp is:

a.15 utils

b.more than 15 utils

c.30 utils

d.less than 30 utils