Solved

Pizza CDs -Bobby Spends $100 Per Month on Pizza and CDs. His

Question 261

Multiple Choice

Pizza CDs
Pizza CDs -Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. Which of the following combinations of the two goods maximizes Bobby's utility? A) 2 pizzas and 4 CDs B) 6 pizzas and 2 CDs C) 4 pizzas and 3 CDs D) 8 pizzas and 1 CDs
-Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. Which of the following combinations of the two goods maximizes Bobby's utility?


A) 2 pizzas and 4 CDs
B) 6 pizzas and 2 CDs
C) 4 pizzas and 3 CDs
D) 8 pizzas and 1 CDs

Correct Answer:

verifed

Verified

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

Related Questions

Q256: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table

Q257: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above

Q258: The total benefit that a person receives

Q259: Renee consumes pizza and rice. An increase

Q260: Emma consumes only tacos and pizza. They

Q262: Lucy buys only magazines and CDs. Both

Q263: The only goods you consume are pizza

Q264: Which of the following statements is TRUE?<br>A)

Q265: The paradox of value can be resolved

Q266: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Kelly's marginal utilities