The following table shows the utility (measured in dollars)which Lisa derives from water (in 50 litre drums)and diamonds (uncut 1 carat stones).

-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $700 to spend,how many units of each would she purchase?
A)7 water
B)4 water and 3 diamonds.
C)3 water and 4 diamonds.
D)2 water and 5 diamonds.
E)1 water and 6 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).
 
-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $700 to spend,how many units of each would she purchase?
A)7 water 
B)4 water and 3 diamonds. 
C)3 water and 4 diamonds. 
D)2 water and 5 diamonds. 
E)1 water and 6 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).
 
-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $700 to spend,how many units of each would she purchase?
A)7 water 
B)4 water and 3 diamonds. 
C)3 water and 4 diamonds. 
D)2 water and 5 diamonds. 
E)1 water and 6 diamonds.

The Following Table Shows the Utility (Measured in Dollars)which Lisa