-The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, which of the following combinations maximizes the consumer's utility?
A) 4 pens and 0 pencils
B) 3 pens and 5 pencils
C) 3 pens and 6 pencils
D) no combination shown

Question

-The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, which of the following combinations maximizes the consumer's utility?
A) 4 pens and 0 pencils 
B) 3 pens and 5 pencils 
C) 3 pens and 6 pencils 
D) no combination shown

Quizplus · Accepted Answer

The Answer of 
-The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, which of the following combinations maximizes the consumer's utility?
A) 4 pens and 0 pencils 
B) 3 pens and 5 pencils 
C) 3 pens and 6 pencils 
D) no combination shown

-The Table Above Gives the Utility from Pens and Pencils