The following table shows Pierre's utility for bagels and cider.

-Refer to the above information to answer this question.If Pierre has a budget of $12,the price of bagels is $1 and cider is $2,what will be his optimal purchase?
A)2 bagel and 5 ciders.
B)4 bagel and 4 ciders.
C)6 bagels and 3 ciders.
D)8 bagels and 2 ciders.
E)10 bagels and 1 ciders.

Question

The following table shows Pierre's utility for bagels and cider.
 
-Refer to the above information to answer this question.If Pierre has a budget of $12,the price of bagels is $1 and cider is $2,what will be his optimal purchase?
A)2 bagel and 5 ciders. 
B)4 bagel and 4 ciders. 
C)6 bagels and 3 ciders. 
D)8 bagels and 2 ciders. 
E)10 bagels and 1 ciders.

Quizplus · Accepted Answer

The Answer of The following table shows Pierre's utility for bagels and cider.
 
-Refer to the above information to answer this question.If Pierre has a budget of $12,the price of bagels is $1 and cider is $2,what will be his optimal purchase?
A)2 bagel and 5 ciders. 
B)4 bagel and 4 ciders. 
C)6 bagels and 3 ciders. 
D)8 bagels and 2 ciders. 
E)10 bagels and 1 ciders.

The Following Table Shows Pierre's Utility for Bagels and Cider