Solved

Josh's Weekly Budget for Lunch Is $24

Question 17

Multiple Choice

Josh's weekly budget for lunch is $24. He eats only pizza and burgers. Each pizza costs $6 and each burger costs $3. Josh knows that 2 pizzas and 4 burgers will give him a utility of 8. What is Josh's utility-maximizing point?


A) 0 pizzas, 8 burgers
B) 3 pizzas, 2 burgers
C) 2 pizzas, 4 burgers
D) 4 pizzas, 1 burger

Correct Answer:

verifed

Verified

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

Related Questions

Q12: What does the budget constraint framework suggest

Q13: The _ arises when a price changes

Q14: The key assumption that accompanies the use

Q15: For lunch, Maria eats only salads or

Q16: Troy has a part-time job in a

Q18: Approximately what portion of annual consumption is

Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7660/.jpg" alt=" -Refer to the

Q20: Briefly explain what the economic analysis of

Q21: Briefly discuss how a higher rate or

Q22: Terry attends college and works part-time job