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Refer to the Following Table to Answer the Following Questions

Question 1

Multiple Choice

Refer to the following table to answer the following questions:
Refer to the following table to answer the following questions: -For 2 chips and 5 sodas to be a combination of goods that maximizes someone's utility per dollar,the price of chips must be ________ if the price of soda is $1.00. A) $2.00 B) $3.00 C) $2.50 D) $3.50 E) $3.75
-For 2 chips and 5 sodas to be a combination of goods that maximizes someone's utility per dollar,the price of chips must be ________ if the price of soda is $1.00.


A) $2.00
B) $3.00
C) $2.50
D) $3.50
E) $3.75

Correct Answer:

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