Multiple Choice
Exhibit 20-3
Refer to Exhibit 20-3. Linda spends $5 a week on apples and oranges. If the price of both goods is $1 per unit, how many apples and oranges, respectively, does she purchase per week if she wants to maximize her utility?
A) 0 and 5
B) 1 and 4
C) 2 and 3
D) 3 and 2
Correct Answer:
Verified
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