The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a 1- week period. TABLE 6- 1
-Refer to Table 6- 1.If the prices of toffee bars and bags of cashews are both $1 and this consumer has $7 per week to spend on these two snacks,how many of each will he/she purchase to maximize utility?
A) 2 toffee bars and 5 bags of cashews
B) 3 toffee bars and 4 bags of cashews
C) 6 toffee bars and 1 bag of cashews
D) 5 toffee bars and 2 bags of cashews
E) 4 toffee bars and 3 bags of cashews
Correct Answer:
Verified
Q53: The table below shows the total
Q54: The table below shows the total
Q55: FIGURE 6- 2 Q56: Christine is allocating her household expenditure between Q57: Suppose there are only two goods,A and
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