George consumes two goods,milk and cookies.He has maximized his utility given his income.Milk costs $2 per gallon and he consumes it to the point where the marginal utility he receives from drinking a gallon of milk is 6.Cookies cost $4 per bag and the relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows:
How many bags of cookies does George buy each month?
A)1
B)2
C)3

Question

George consumes two goods,milk and cookies.He has maximized his utility given his income.Milk costs $2 per gallon and he consumes it to the point where the marginal utility he receives from drinking a gallon of milk is 6.Cookies cost $4 per bag and the relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows: 
How many bags of cookies does George buy each month?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

The Answer of George consumes two goods,milk and cookies.He has maximized his utility given his income.Milk costs $2 per gallon and he consumes it to the point where the marginal utility he receives from drinking a gallon of milk is 6.Cookies cost $4 per bag and the relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows: 
How many bags of cookies does George buy each month?
A)1 
B)2 
C)3

George Consumes Two Goods,milk and Cookies