Solved

Suppose a Caffeine-Deprived Man Needs to Wake Up U=3 Coffee +2TeaU = 3 \text { Coffee } + 2 \mathrm { Tea }

Question 27

Multiple Choice

Suppose a caffeine-deprived man needs to wake up.Suppose his preferences can be described by U=3 Coffee +2TeaU = 3 \text { Coffee } + 2 \mathrm { Tea } .If the price of coffee is $4 and the price of tea is $1,he will buy


A) all coffee.
B) all tea.
C) some of both,but more coffee.
D) some of both,but more tea.

Correct Answer:

verifed

Verified

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

Related Questions