-Refer to the above table. Assume the consumer spends his entire income. The price of a hotdog is $1, the price of a movie is $6, and the consumer has $15. What is the consumer's optimum?
A) 2 hotdogs and 2 movies
B) 3 hotdogs and 2 movies
C) 4 hotdogs and 4 movies
D) 0 hotdogs and 2.5 movies

Question

-Refer to the above table. Assume the consumer spends his entire income. The price of a hotdog is $1, the price of a movie is $6, and the consumer has $15. What is the consumer's optimum?
A) 2 hotdogs and 2 movies 
B) 3 hotdogs and 2 movies 
C) 4 hotdogs and 4 movies 
D) 0 hotdogs and 2.5 movies

Quizplus · Accepted Answer

Given the consumer has $15 to spend, the price of a hotdog is $1, and the price of a movie is $6, the combination of 3 hotdogs ($3) and 2 movies ($12) exactly uses the $15 budget. Other options either exceed the budget or do not fully utilize it.

-Refer to the Above Table