Multiple Choice
Assume that the utility function of wine for a certain consumer is given by TU = 96Q - 3Q2.If wine is free,to maximize utility,the amount the consumer should consume is:
A) 6 bottles of wine.
B) 16 bottles of wine.
C) 90 bottles of wine.
D) 93 bottles of wine.
E) unknown; there is insufficient information to determine this.
Correct Answer:
Verified
Correct Answer:
Verified
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