Multiple Choice
Table 7-2
Table 7-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 7-2.If Keira maximizes her utility,how many units of each good should she buy?
A) 1 cup of soup and 5 sandwiches
B) 3 cups of soup and 4 sandwiches
C) 6 cups of soup and 2 sandwiches
D) 4 cups of soup and 3.5 sandwiches
Correct Answer:

Verified
Correct Answer:
Verified
Q8: The marginal utility per dollar that Harold
Q11: Economists have used _ and _ in
Q52: Which of the following refers to the
Q70: A perfectly elastic demand curve is<br>A)vertical.<br>B)horizontal.<br>C)curvilinear.<br>D)upward sloping.
Q97: Wilbur Rickhiser, a financial advisor, recently told
Q136: If the demand for a product is
Q142: We should never assume that an inelastic
Q168: Behavioral economics is the study of situations
Q174: Utility is<br>A)easily measured in units called utils.<br>B)subjective
Q179: If the slope of a demand curve