Multiple Choice
Scenario 3.1:
Andy derives utility from two goods, potato chips (Qp) and Cola (Qc) . Andy receives zero utility unless he consumes some of at least one good. The marginal utility that he receives from the two goods is given as follows:
-Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, and Andy has an unlimited income, how many units of potato chips will he consume?
A) 5
B) 6
C) 7
D) 8
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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