Solved

Juanita Spends All of Her Income on Movie Tickets and Groceries

Question 56

Multiple Choice

Juanita spends all of her income on movie tickets and groceries. Suppose Juanita is presented with two options: A and B. Option A gives her a voucher of $X that she can only spend on groceries. Option B gives her $X that she can spend on either or both of the goods. Assuming Juanita prefers Option B to Option A, which of the following is correct?


A) Juanita spends her entire income on groceries.
B) Juanita spends less than $X on groceries.
C) Juanita spends more than $X on groceries, but still buys some movie tickets.
D) Juanita would never prefer Option B to Option A.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents