Table 7.6
-Refer to Table 7.6.Pete has $10 to spend.He buys four cookies and three candies.Using the equimarginal rule,which of the following is true?
A) Pete is maximizing his utility.
B) Pete is not spending the entire $10.
C) Pete could make himself better off by buying less candy and more cookies.
D) Pete could make himself better off by buying less cookies and more candy.

Question

Table 7.6
-Refer to Table 7.6.Pete has $10 to spend.He buys four cookies and three candies.Using the equimarginal rule,which of the following is true?
A) Pete is maximizing his utility. 
B) Pete is not spending the entire $10. 
C) Pete could make himself better off by buying less candy and more cookies. 
D) Pete could make himself better off by buying less cookies and more candy.

Quizplus · Accepted Answer

The Answer of  
Table 7.6
-Refer to Table 7.6.Pete has $10 to spend.He buys four cookies and three candies.Using the equimarginal rule,which of the following is true?
A) Pete is maximizing his utility. 
B) Pete is not spending the entire $10. 
C) Pete could make himself better off by buying less candy and more cookies. 
D) Pete could make himself better off by buying less cookies and more candy.

Table 7.6 -Refer to Table 7.6.Pete Has $10 to Spend.He Buys Four