Multiple Choice
Ken consumes two goods,Sprite and potato chips.Sprite costs $1 per can,and he consumes it to the point where the marginal utility he receives from his last Sprite is 3.Potato chips cost $2 per bag,and the relationship between the marginal utility he gets from eating a bag of potato chips and the number of bags he eats per month is as follows:
If Ken is maximizing his utility,how much does he spend on potato chips each month?
A) $2
B) $6
C) $8
D) $12
Correct Answer:

Verified
Correct Answer:
Verified
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