Jen consumes 5 CDs and 2 tacos.She receives 500 units of utility from her 5th CD and 200 units of utility from her 2nd taco.The price of a CD is $10,the price of a taco is $4,and she is spending her entire budget.Which of the following is true regarding Jen's choices?
A) Jen is consuming on her demand curve for tacos.
B) Jen is maximizing utility.
C) Jen is consuming on her demand curve for CDs.
D) Only answers A and B are correct
E) Answers A, B, and C are correct.
Correct Answer:
Verified
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A)
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