Multiple Choice
Refer to Table 5.15 to answer this question.Suppose that the price of an apple is $2 and the price of a banana is $1 and this consumer has $8 to spend.In order to maximize her total utility,how many of each should she purchase?
A) 1 apple and 6 bananas.
B) 2 apples and 4 bananas.
C) 3 apples and 2 bananas.
D) 4 apples.
E) 8 bananas.
Correct Answer:

Verified
Correct Answer:
Verified
Q84: The following graph shows the total utility
Q85: The term "marginal" means the difference between
Q86: Suppose that Melissa spends recreation time and
Q87: In order for price discrimination to work,three
Q88: You have just spent two hours studying
Q90: What is marginal utility?<br>A)The utility derived from
Q91: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q92: The following table shows the utility (measured
Q93: The following table shows Erica's utility for
Q94: What is price discrimination? What conditions must