Ben consumes soda and cheeseburgers.If his total utility from sodas is currently 40,and his total utility from cheeseburgers is 30,and the price of cheeseburgers is twice the price of sodas,
A) Ben is in equilibrium.
B) Ben should increase his soda consumption and decrease his cheeseburger consumption.
C) Ben should decrease his soda consumption and increase his cheeseburger consumption.
D) we cannot conclude that any of the above are correct.

Question

Quizplus · Accepted Answer

The Answer of Ben consumes soda and cheeseburgers.If his total utility from sodas is currently 40,and his total utility from cheeseburgers is 30,and the price of cheeseburgers is twice the price of sodas,
A) Ben is in equilibrium.
B) Ben should increase his soda consumption and decrease his cheeseburger consumption.
C) Ben should decrease his soda consumption and increase his cheeseburger consumption.
D) we cannot conclude that any of the above are correct.

Ben Consumes Soda and Cheeseburgers