Table 10-2

Table 10-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 10-2.Suppose Keira's income increases from $18 to $23 but prices have not changed.What is her utility maximizing bundle now?
A)6 cups of soup and 5 sandwiches
B)4 cups of soup and 5 sandwiches
C)5 cups of soup and 4 sandwiches
D)5 cups of soup and 5 sandwiches

Question

Table 10-2
  
Table 10-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 10-2.Suppose Keira's income increases from $18 to $23 but prices have not changed.What is her utility maximizing bundle now?
A)6 cups of soup and 5 sandwiches 
B)4 cups of soup and 5 sandwiches 
C)5 cups of soup and 4 sandwiches 
D)5 cups of soup and 5 sandwiches

Quizplus · Accepted Answer

The Answer of Table 10-2
  
Table 10-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 10-2.Suppose Keira's income increases from $18 to $23 but prices have not changed.What is her utility maximizing bundle now?
A)6 cups of soup and 5 sandwiches 
B)4 cups of soup and 5 sandwiches 
C)5 cups of soup and 4 sandwiches 
D)5 cups of soup and 5 sandwiches

Table 10-2 Table 10-2 Above Shows Keira's Utility from Soup and Sandwiches