Solved

Suppose That a Consumer Considers Coffee and Tea to Be 3C3 C

Question 37

Multiple Choice

Suppose that a consumer considers coffee and tea to be perfect substitutes, but he requires two cups of tea to give up one cup of coffee. This consumer's budget constraint can be written as 3C3 C +T=10+ T = 10 . What should the consumer buy?


A) 2 cups of tea and no coffee.
B) 10 cups of tea and no coffee
C) 3 cups of coffee and no tea.
D) 4 cups of coffee and no tea.

Correct Answer:

verifed

Verified

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

Related Questions