If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following?
A) 4 McBurgers
B) 3 McBurgers and 1 can of Alpo
C) 2 McBurgers and 2 cans of Alpo
D) 1 McBurger and 3 cans of Alpo

Question

If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following? 
A) 4 McBurgers 
B) 3 McBurgers and 1 can of Alpo 
C) 2 McBurgers and 2 cans of Alpo 
D) 1 McBurger and 3 cans of Alpo

Quizplus · Accepted Answer

The Answer of If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following? 
A) 4 McBurgers 
B) 3 McBurgers and 1 can of Alpo 
C) 2 McBurgers and 2 cans of Alpo 
D) 1 McBurger and 3 cans of Alpo

If the Price of Alpo Increases from $0