Jiaqi Fan’s two favorite snack foods are peanuts and potato chips. When he exhausts his $20 budget at the local supermarket he finds that the marginal utility from the last bag of peanuts he consumed is 20 while the last bag of potato chips is 40. Assuming he is a rational consumer who has successfully maximized his utility, what do we know about the prices of peanuts and potato chips? A. The price of both goods must be equal. B. A bag of peanuts must cost twice as much as a bag of potato chips. C. A bag of potato chips must cost twice as much as a bag of peanuts.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.