Scenario: Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity of socks and running shoe

-If Maylin has $150 of income to spend on socks and running shorts,socks cost $10 per pair and running shorts are $10 each,what consumption bundle maximizes Maylin's total benefit?
A) 1 pair of socks and 6 running shorts
B) 3 pairs of socks and 7 running shorts
C) 5 pairs of socks and 8 running shorts
D) 6 pairs of socks and 9 running shorts

Question

Scenario: Maylin is shopping at the sporting goods store for socks and running shoes. She has determined the following total benefit derived from each quantity of socks and running shoe
 
-If Maylin has $150 of income to spend on socks and running shorts,socks cost $10 per pair and running shorts are $10 each,what consumption bundle maximizes Maylin's total benefit?
A) 1 pair of socks and 6 running shorts 
B) 3 pairs of socks and 7 running shorts 
C) 5 pairs of socks and 8 running shorts 
D) 6 pairs of socks and 9 running shorts

Quizplus · Accepted Answer

Maylin can spend her entire $150 on 6 pairs of socks ($60) and 9 running shorts ($90), maximizing her total benefit by using all her income.

Scenario: Maylin Is Shopping at the Sporting Goods Store for Socks