Assume James Purchases Only Two Goods,steak and Chicken,with His Weekly

Multiple Choice

Assume James purchases only two goods,steak and chicken,with his weekly income of $60.The price of steak is $10 and the price of chicken is $5.The following table shows the marginal utility James gets from each additional pound of steak and chicken: Given the above information,what quantities of steak and chicken should James purchase to maximize his utility?

A) 3 steak,2 chicken
B) 5 steak,2 chicken
C) 4 steak,4 chicken
D) 2 steak,5 chicken
E) none of the above