The utility function for Morris is U = min{4M, T}, where M is pints of milk and T is cans of tuna. Morris has $90 to spend on tuna (priced at $2 per can) and milk (priced at $1 per pint). What is Morris's utility-maximizing consumption bundle?
A) M = 30 and T = 30
B) M = 40 and T = 25
C) M = 10 and T = 40
D) M = 15 and T = 65

Question

Quizplus · Accepted Answer

The Answer of The utility function for Morris is U = min{4M, T}, where M is pints of milk and T is cans of tuna. Morris has $90 to spend on tuna (priced at $2 per can) and milk (priced at $1 per pint). What is Morris's utility-maximizing consumption bundle?
A) M = 30 and T = 30
B) M = 40 and T = 25
C) M = 10 and T = 40
D) M = 15 and T = 65

The Utility Function for Morris Is U = Min{4M, T}