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Figure 21-20 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 226

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Figure 21-20
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies: Figure 21-20 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:   -Refer to Figure 21-20. 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 21-20. 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.

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