If the price of one Weight Watchers' frozen dinner is $2 and the price of one dozen jelly doughnuts is $3, which of the following would Kent, a utility maximizing consumer, buy with his $6?Jelly DonutsFrozen DinnersDozen Consumed per DayTotal utility (Units of utility)Dinners Consumed per DayTotal utility (Units of utility)0000112116221232327346430442530542628636
A. two frozen dinners and two dozen jelly doughnuts
B. three frozen dinners
C. two dozen jelly doughnuts
D. one frozen dinner and four dozen jelly doughnuts
Answer: B
You might also like to view...
In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a ________ shift in the demand curve for a ticket on Continental because the price of a ________ had risen
A) rightward; complement B) leftward; substitute C) leftward; complement D) rightward; substitute
The U.S. can produce pizza for $7.50 each and barrels of beer for $37.50 each, and Germany can produce pizza for €5 each and barrels of beer for €15 each (€ is the symbol for the euro, the currency Germany uses). If the exchange rate is 1
50 $/€ then A) the U.S. has a comparative advantage in the production of beer. B) neither country has a comparative advantage in the production of beer. C) the U.S. has a comparative advantage in the production of pizza. D) the U.S. has a comparative advantage in the production of beer and pizza.
Which age category has the highest incidence of those without health insurance?
a. 45-64 years of age b. 19-34 years of age c. Under 19 years of age d. Over 65 years of age e. 35-44 years of age
Exhibit 3-3 Demand curves
Which of the graphs in Exhibit 3-3 depicts the effect of an increase in income on the demand for pork and beans (an inferior good)?
A. Graph A. B. Graph B. C. Graph C. D. Graph D.