Solved

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

Question 101

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. Bobby currently buys 2 pizzas and 6 CDs. To maximize his utility in the next period, he should A)  buy more pizza and fewer CDs. B)  buy more CDs and fewer pizza. C)  buy more of both goods. D)  stay with the current combination of goods.
-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. Bobby currently buys 2 pizzas and 6 CDs. To maximize his utility in the next period, he should


A) buy more pizza and fewer CDs.
B) buy more CDs and fewer pizza.
C) buy more of both goods.
D) stay with the current combination of goods.

Correct Answer:

verifed

Verified

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

Related Questions