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Suppose the Price of a Pair of Jeans Is $20

Question 21

Multiple Choice

Suppose the price of a pair of jeans is $20 and the price of a T-shirt is $10. Suppose further that a consumer can spend a maximum of $100 on T-shirts and jeans. Which of the following is the most affordable bundle for maximizing the consumer's utility?


A) 10 T-shirts and 5 pairs of jeans
B) 2 T-shirts and 4 pairs of jeans
C) 4 T-shirts and 2 pairs of jeans
D) Only 4 pairs of jeans
E) 5 T-shirts and 10 pairs of jeans

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