
Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111
Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 50
In Exhibit 4, assume multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. Suppose the consumer has $12 per week to spend on multiplex tickets, video rentals, and popcorn. What combination of goods will give the consumer the most utility?
A) 1 movie, 3 videos, and no popcorn
B) 1 movie, 2 videos, and 2 bags of popcorn
C) 1 movie, 1 video, and 4 bags of popcorn
D) 2 movies, no videos, and no bags of popcorn
A) 1 movie, 3 videos, and no popcorn
B) 1 movie, 2 videos, and 2 bags of popcorn
C) 1 movie, 1 video, and 4 bags of popcorn
D) 2 movies, no videos, and no bags of popcorn
Explanation
1 movie + video 1 + video 2 + ...
Economics for Today 9th Edition by Irvin Tucker
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