Exhibit 6-2 Total Utility for Hamburgers, Fries, and Cokes -In Exhibit 6-2, Assume That the Price of Hamburgers Is
Exhibit 6-2 Total utility for hamburgers, fries, and Cokes
-In Exhibit 6-2, assume that the price of hamburgers is $2 each, fries cost 50 cents each, and Cokes cost $1 each. Suppose the consumer has $6 to spend on hamburgers, fries, and Cokes. Which of the following meals gives the consumer the most utility?
A) 3 hamburgers, no fries, and no Cokes.
B) 2 hamburgers, no fries, and 2 Cokes.
C) 2 hamburgers, 2 orders of fries and 1 Coke.
D) 1 hamburger, 2 orders of fries, and 3 Cokes.
Correct Answer:
Verified
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