Solved

Figure 21-19 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 66

Multiple Choice

Figure 21-19
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:
Figure 21-19 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:    -Refer to Figure 21-19.Assume that the consumer has an income of $40.If the price of chocolate chips is $4 and the price of marshmallows is $4,the optimizing consumer would choose to purchase A)  9 marshmallows and 6 chocolate chips. B)  10 marshmallows and 10 chocolate chips. C)  5 marshmallows and 5 chocolate chips. D)  3 marshmallows and 9 chocolate chips.
-Refer to Figure 21-19.Assume that the consumer has an income of $40.If the price of chocolate chips is $4 and the price of marshmallows is $4,the optimizing consumer would choose to purchase


A) 9 marshmallows and 6 chocolate chips.
B) 10 marshmallows and 10 chocolate chips.
C) 5 marshmallows and 5 chocolate chips.
D) 3 marshmallows and 9 chocolate chips.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions