The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.

-Refer to the table above.The price of a soda increases from $1 to $2.What is the optimal combination of Soda and Hotdog for Marcus,if his weekly budget for hotdog and soda is $10?
A) 2 sodas, and 2 hotdogs
B) 3 sodas, and 3 hotdogs
C) 6 sodas, and 5 hotdogs
D) 4 sodas, and 2 hotdogs

Question

The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.
 
-Refer to the table above.The price of a soda increases from $1 to $2.What is the optimal combination of Soda and Hotdog for Marcus,if his weekly budget for hotdog and soda is $10?
A) 2 sodas, and 2 hotdogs 
B) 3 sodas, and 3 hotdogs 
C) 6 sodas, and 5 hotdogs 
D) 4 sodas, and 2 hotdogs

Quizplus · Accepted Answer

Given the budget constraint of $10 and the new price of soda ($2), Marcus can afford 2 sodas ($4) and 2 hotdogs ($6), totaling $10, fitting his budget.

The Following Table Shows the Marginal Benefit That Marcus Derives