Multiple Choice
Complete Table 19.3 below.Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.
Refer to Table 19.3.If Michael has $28 dollars to spend, why will three colas and four pretzels not be optimal?
A) This combination has less total utility.
B) This combination is affordable but does not maximize utility.
C) This combination is not affordable.
D) This combination has less marginal utility per dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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