If the price of Alpo increases from $0.50 to $1, Mr. Tightwad, a utility-maximizing consumer, would spend his $4 on which of the following?AlpoMcBurgersCans Consumed per DayTotal utility (Units of utility)McBurgers Consumed per DayTotal utility (Units of utility)000017116213228316336417440
A. 4 McBurgers
B. 1 McBurger and 3 cans of Alpo
C. 2 McBurgers and 2 cans of Alpo
D. 3 McBurgers and 1 can of Alpo
Answer: D
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