Multiple Choice
-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) 5 toffee bars and 2 bags of cashews.
C) 3 toffee bars and 4 bags of cashews.
D) 4 toffee bars and 3 bags of cashews.
E) 6 toffee bars and 1 bag of cashews.
Correct Answer:
Verified
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