Leo consumes only apples and bananas. He always prefers more apples to fewer, but he sometimes gets tired of bananas. If he consumes fewer than 24 bananas per week, he thinks that 1 banana is a perfect substitute for 1 apple. But people may have to pay him 1 apple for each banana beyond 24 that he consumes. The indifference curve that passes through the consumption bundle with 31 apples and 36 bananas also passes through the bundle with A apples and 18 bananas, where A equals:________.
a) 29
b) 23
c) 31
d) 25
e) none of the above

Unless we are eating 31 apples as well as 36 bananas, we are indeed being compensated apples to consume upwards of 24 bananas. We consumed 12 more bananas than that of the 24, and that we were paying 12 apples. That implies that we would be ignorant (31 apples including 36 bananas) to (19 apples including 24 bananas).

19 Is 31 we continued from, except the 12 we got billed. Currently, bananas, as well as, apples are good replacements.

So now we have,

⇒ 19 + 24

⇒ 43 usefulness.

Although we feed 18 bananas, we require 25 apples to be comparable to 43 usefulness. So that "25" is the right answer.

chilljain33 chilljain33 · Answer 2 · 2022-01-03T06:40:53+01:00

The value for A apples in an indifference curve with 31 apples and 36 bananas which passes through such curve having 18 bananas will be Twenty-Five. So, the correct option is D.

The value of A apples has been calculated using the information given and putting the values of such information into the formula for indifference curve.

Here the consumption of 12 apples out of 31 have already been charged and the utility that will be derived in totality after such consumption will amount to Forty-Three.

So to arrive at the total utility or usefulness of the product the number of bananas already consumed has to be calculated by subtracting such bananas out of 43.

So, value of A apples can be calculated as the following,

[tex]\rm Total\ Utility= A\ apples\ +\ B\ bananas\\\\\\\43= A\ apples\ + 18[/tex]

We get the value of A apples as

[tex]\rm A\ apples\ = 43-18\\\\\\\rm A\ apples\ = 25[/tex]

Hence, the correct option is D that the value of A apples is twenty-five.

To know more about indifference curve, click the link below,

https://brainly.com/question/6345293