Table 6.2
Table 6.2 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 6.2.Suppose Keira's income increases from $18 to $23 but prices have not changed.Her utility maximising bundle is 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
Correct Answer:
Verified
Q46: What is the additional utility that George
Q47: What does the economic model of consumer
Q48: The word 'util' has been used by
Q49: Suppose the marginal utilities for the first
Q51: What is the satisfaction a person received
Q52: Which of the following is true about
Q54: In making decisions about what to consume,
Q55: Consider a downward-sloping demand curve.When the price
Q55: What is marginal utility?
A)The change in total
Q76: The amount of income a consumer has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents