Solved

 Table 28.1a \text { Table 28.1a } -Tables 28

Question 22

Multiple Choice

 Table 28.1a \text { Table 28.1a }
 Apples  Bread  Cake 11 units of utility 22 units of utility 33 units of utility \begin{array}{|l|l|l|}\hline \text { Apples } & \text { Bread } & \text { Cake } \\\hline 11 \text { units of utility } & 22 \text { units of utility } & 33 \text { units of utility }\\\hline\end{array}

-Tables 28.1a provides information on Sam's current consumption of apples, bread and cake. Sam is currently maximizing utility it


A) the price of apples is $1, bread is $2 and cake is $3
B) the prices of apples, bread and cake are all $1.
C) the price of apples is $3, bread is $2, and cake is $1
D) all items are $11 each

Correct Answer:

verifed

Verified

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

Related Questions