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25 Apr 2018
12 The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a l-week period. Toffee (bars) Cashews (bags) Total Total Units Marginal Utility Utility Marginal Utility Utility 10 10 28 18 10 22 35 23 29 26 5 2 6 0 37 17 0 27 | 0 | 27 TABLE 6-1 18) Refer to Table 6-1. If the prices of toffee bars and bags of cashews are both $1 and this consumer has $7 per week to spend on these two snacks, how many of each will he/she purchase to maximize utility? A) 2 toffee bars and 5 bags of cashews B) 3 toffee bars and 4 bags of cashews C) 4 toffee bars and 3 bags of cashews D) 5 toffee bars and 2 bags of cashews E) 6 toffee bars and 1 bag of cashews
12 The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a l-week period. Toffee (bars) Cashews (bags) Total Total Units Marginal Utility Utility Marginal Utility Utility 10 10 28 18 10 22 35 23 29 26 5 2 6 0 37 17 0 27 | 0 | 27 TABLE 6-1 18) Refer to Table 6-1. If the prices of toffee bars and bags of cashews are both $1 and this consumer has $7 per week to spend on these two snacks, how many of each will he/she purchase to maximize utility? A) 2 toffee bars and 5 bags of cashews B) 3 toffee bars and 4 bags of cashews C) 4 toffee bars and 3 bags of cashews D) 5 toffee bars and 2 bags of cashews E) 6 toffee bars and 1 bag of cashews
Elin HesselLv2
28 Apr 2018
