Multiple Choice
If the price of one Weight Watchers frozen dinner is $2 and the price of one dozen jelly doughnuts is $1, which of the following would Kent, a utility-maximizing consumer, buy with his $6?
A) 3 frozen dinners
B) 2 frozen dinners and 2 dozen jelly doughnuts
C) 1 frozen dinner and 4 dozen jelly doughnuts
D) 6 dozen jelly doughnuts
Correct Answer:

Verified
Correct Answer:
Verified
Q16: You have just spent two hours
Q18: Use the principle of rational choice to
Q19: To calculate the marginal utility of consuming
Q20: Refer to the graph shown. A consumer
Q23: If Steve willingly consumes another slice of
Q33: If the average utility of good A
Q61: Economists focus on self-interest in explaining choices
Q79: The principle of diminishing marginal utility states
Q111: The theory of bounded rationality is consistent
Q453: What is the principle of diminishing marginal