Steve buys Pepsi at $.60 per can and orange juice at $1.20 per can. In consumer equilibrium,
a. orange juice would yield a higher marginal utility per dollar spent than Pepsi would
b. he will consume twice as much Pepsi as orange juice
c. he will consume more orange juice than Pepsi
d. total utility from orange juice is twice that from Pepsi
e. his last can of orange juice would generate a higher marginal utility than his last can of Pepsi
E
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