Multiple Choice
The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones) .
-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $700 to spend,how many units of each would she purchase?
A) 7 water
B) 4 water and 3 diamonds.
C) 3 water and 4 diamonds.
D) 2 water and 5 diamonds.
E) 1 water and 6 diamonds.
Correct Answer:

Verified
Correct Answer:
Verified
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