Multiple Choice
-The table above gives the utility from pens and pencils. If pens and pencils both cost $.25 each and the consumer has an income of $2.25, which of the following combinations maximizes the consumer's utility?
A) 3 pens and 6 pencils
B) 4 pens and 5 pencils
C) 5 pens and 4 pencils
D) 6 pens and 3 pencils
Correct Answer:

Verified
Correct Answer:
Verified
Q119: Danny has $12 to spend on two
Q120: Ice cream Romance novels<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Ice
Q121: Robinson spends all his income on mangos
Q122: Marginal utility theory predicts that if a
Q123: Which of the following is NOT an
Q125: As Shana's consumption of tacos decreases, her<br>A)
Q126: At Revolution Doughnuts in Fort Collins, Colorado,
Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q128: Bobby consumes only chocolate ice cream and
Q129: If a consumer spends all of his