Scenario 3.1: Andy Derives Utility from Two Goods, Potato Chips (Qp) and (Qp)

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 income of $14.50, how many units of potato chips will he consume?

A) 5
B) 6
C) 7
D) 8
E) none of the above