Solved

The Following Table Shows Pierre's Utility for Bagels and Cider

Question 124

Multiple Choice

The following table shows Pierre's utility for bagels and cider.
The following table shows Pierre's utility for bagels and cider. -Refer to the above information to answer this question.If Pierre has a budget of $12 and the price of both bagels and cider are $2,what will be the total utility of his optimal purchase? A) 9 utils. B) 10 utils. C) 21 utils. D) 87 utils. E) 97 utils.
-Refer to the above information to answer this question.If Pierre has a budget of $12 and the price of both bagels and cider are $2,what will be the total utility of his optimal purchase?


A) 9 utils.
B) 10 utils.
C) 21 utils.
D) 87 utils.
E) 97 utils.

Correct Answer:

verifed

Verified

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

Related Questions

Q119: What is the correct expression for

Q120: The following table shows Mia's $ marginal

Q121: It is the marginal utility of the

Q122: Maria is considering her lunch purchase.Unfortunately,the deli

Q123: Price discrimination is the practice of charging

Q125: The following table shows Erica's utility for

Q126: Explain why a rational consumer does not

Q127: Which of the following products are likely

Q128: Suppose that MU<sub>C</sub>/P<sub>C</sub> < MU<sub>A</sub>/P<sub>A</sub>,MU<sub>C</sub>/P<sub>C</sub> = MU<sub>B</sub>/P<sub>B</sub>,and

Q129: The following graph shows the marginal utility