Joaquin consumes pizza and beer. His utility function is 
where P is the number of pizzas and B is the number of glasses of beer. Joaquin has $30, and he plans to spend all of it on pizza and beer today. The price of one pizza is $10 and the price of beer is $3 per glass. Joaquin is allowed to purchase fractions of a pizza by buying individual slices at the same average price (thus, one quarter of a pizza would cost $2.50) . Joaquin's optimal bundle is ____ pizzas and ____ beers.
A) 0.5; 10
B) 1.5; 5
C) 2.5; 4
D) 3; 3
Correct Answer:
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