The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones).
$$\begin{array} { c r r }
\text { Quantity } & \begin{array} { r }
\text { Water } \
\text { Total \$Utility }
\end{array} & \begin{array} { r }
\text { Diamonds } \
\text { Total \$Utility }
\end{array} \
1 & 500 & 150 \
2 & 700 & 290 \
3 & 800 & 420 \
4 & 850 & 520 \
5 & 875 & 600 \
6 & 885 & 660
\end{array}$$
-Refer to the above information to answer this question. If the price of both water and diamonds is $100 per unit, and Lisa has $500 to spend, how many units of each would she purchase?
A) 5 water.
B) 4 water and 1 diamond.
C) 3 water and 2 diamonds.
D) 2 water and 3 diamonds.
E) 1 water and 4 diamonds.

Question

The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones).
 $$\begin{array} { c r r } 
\text { Quantity } & \begin{array} { r } 
\text { Water } \
\text { Total \$Utility }
\end{array} & \begin{array} { r } 
\text { Diamonds } \
\text { Total \$Utility }
\end{array} \
1 & 500 & 150 \
2 & 700 & 290 \
3 & 800 & 420 \
4 & 850 & 520 \
5 & 875 & 600 \
6 & 885 & 660
\end{array}$$
-Refer to the above information to answer this question. If the price of both water and diamonds is $100 per unit, and Lisa has $500 to spend, how many units of each would she purchase?
A) 5 water.
B) 4 water and 1 diamond.
C) 3 water and 2 diamonds.
D) 2 water and 3 diamonds.
E) 1 water and 4 diamonds.

Quizplus · Accepted Answer

The Answer of The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones).
 $$\begin{array} { c r r } 
\text { Quantity } & \begin{array} { r } 
\text { Water } \
\text { Total \$Utility }
\end{array} & \begin{array} { r } 
\text { Diamonds } \
\text { Total \$Utility }
\end{array} \
1 & 500 & 150 \
2 & 700 & 290 \
3 & 800 & 420 \
4 & 850 & 520 \
5 & 875 & 600 \
6 & 885 & 660
\end{array}$$
-Refer to the above information to answer this question. If the price of both water and diamonds is $100 per unit, and Lisa has $500 to spend, how many units of each would she purchase?
A) 5 water.
B) 4 water and 1 diamond.
C) 3 water and 2 diamonds.
D) 2 water and 3 diamonds.
E) 1 water and 4 diamonds.

The Following Table Shows the Utility (Measured in Dollars) Which