Multiple Choice
-Refer to Table 6- 1. If the price of toffee bars is $1 each, bags of cashews are $2 each, and this consumer has $7 per week to spend on these two snacks, how many of each will he/she purchase to maximize utility?
A) 2 toffee bars and 2 bags of cashews.
B) 7 toffee bars and 0 bags of cashews.
C) 0 toffee bars and 3 bags of cashews.
D) 1 toffee bars and 3 bags of cashews.
E) 3 toffee bars and 2 bags of cashews.
Correct Answer:

Verified
Correct Answer:
Verified
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