Multiple Choice
The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4
-Refer to Table 7.4. If the consumer's income increases from $10 to $20 but the prices of each of the goods doubles, the consumer would maximize utility by purchasing _____.
A) 7 units of good A, 7 units of good B, and 7 units of good C
B) 3 units of good A, 5 units of good B, and 6 units of good C
C) 2 units of good A, 6 units of good B, and 7 units of good C
D) 3 units of good A, 6 units of good B, and 4 units of good C
E) 6 units of good A, 0 units of good B, and 7 units of good C
Correct Answer:

Verified
Correct Answer:
Verified
Q47: The below figure shows the various combinations
Q48: The below table shows the average utility
Q49: The table given below reports the total
Q50: The below figure shows the various combinations
Q51: The below figure shows the various combinations
Q53: The below table shows the average utility
Q54: The table given below depicts the total
Q55: The below figure shows the various combinations
Q56: The below indifference map shows the various
Q57: The table below shows the total utility