If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following?
A) 4 McBurgers
B) 3 McBurgers and 1 can of Alpo
C) 2 McBurgers and 2 cans of Alpo
D) 1 McBurger and 3 cans of Alpo
Correct Answer:
Verified
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