Multiple Choice
The consumer's budget constraint is $6 = 0.50G + P, where G is packs of gum and P is bags of pretzels. The marginal utility of pretzels is MUP = G0.5, and the marginal utility of gum is MUG = 0.5G-0.5P. The consumer's utility function is U = G0.5P. the utility-maximizing bundle consists of _____ packs of gum and _____ bags of pretzels.
A) 8; 2
B) 4; 4
C) 2; 5
D) 6; 3
Correct Answer:

Verified
Correct Answer:
Verified
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