Figure 7.3The price of Video Game rentals is $2 For MUA/$ and $4 for MUB/$.The price of Energy Drinks is $2.Budget = $28.Refer to Figure 7.3. If the price of video game rentals is $4, the utility maximizing combination is ________ video game rentals and ________ energy drinks.

A. 1; 4
B. 2; 10
C. 10; 4
D. 11; 10


Answer: B

Economics

You might also like to view...

Which country had the highest per capita expenditures on health care in 2009?

A. Australia B. Japan C. Norway D. United States

Economics

Debt service is the percent of:

A. GDP that is owed in debt. B. disposable income consumers have to pay for their debts. C. the total value of household debt that banks pay to create the loans. D. the total value of household debt that consumers pay in interest.

Economics

A ballet performance had many empty seats. This implies that the

A. Price of the tickets must have been very low because of the low demand. B. Ballet group was not very well known. C. Price of the tickets must have been above the equilibrium price. D. Hall where the performance was being held was very large.

Economics

If economies of scale are relatively unimportant in an industry, the typical firm's long-run average total cost curve will reach a minimum at a level of output that is a ________ fraction of total industry sales. The industry will be ________

A) large; competitive B) large; an oligopoly C) small; competitive D) small; an oligopoly

Economics