This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.BundleNumber of popsiclesUtility from popsiclesNumber of ice cream conesUtility from ice cream conesA1070000B87201500C66502700D45503750E24004760F005760Considering the information in the table shown, Jack's total utility from consuming bundle D would be:
A. 1,160.
B. 1,300.
C. 2,220.
D. 950.
Answer: B
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A. will earn positive profits but could earn a higher profit by using a different method. B. will maximize profits. C. will earn profits equal to zero. D. will earn negative profits.
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A. 2% to 10%. B. 3% to 8%. C. 1% to 5%. D. 4% to 6%.
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A. a higher price for wooden bats. B. a lower price for wooden bats. C. an increase in the number of firms producing wooden bats. D. higher wages for workers in the wooden bat industry.