Multiple Choice
The following table shows Pierre's utility for bagels and cider.
-Refer to the above information to answer this question.If Pierre has a budget of $12 and the price of both bagels and cider are $2,what will be his optimal purchase?
A) 1 bagel and 5 ciders.
B) 2 bagels and 4 ciders.
C) 3 bagels and 3 ciders.
D) 4 bagels and 2 ciders.
E) 5 bagels and 1 ciders.
Correct Answer:

Verified
Correct Answer:
Verified
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