Multiple Choice
Use the table below to answer the following questions.
Table 8.2.1
-Refer to Table 8.2.1.Consider Sam's utility from sailing and skiing.The price of sailing is $10 per hour and the price of skiing is $20 per hour;Sam's income to spend on these activities is $80.In consumer equilibrium,Sam will sail for
A) 3 hours and ski for 2 hours.
B) 2 hours and ski for 4 hours.
C) 4 hours.
D) 4 hours and ski for 2 hours.
E) 8 hours.
Correct Answer:

Verified
Correct Answer:
Verified
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