The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is

A) 450.
B) 1280.
C) 1150.
D) 1200.


B

Economics

You might also like to view...

The ability of a financial asset to be used to immediately make transactions is called:

A) store of value. B) medium of exchange. C) illiquidity. D) liquidity.

Economics

In the schematic theory of economic policy, the demand for money is considered

A) a policy instrument. B) an exogenous nonpolicy variable. C) a structural relation. D) a target variable. E) an irrelevant side effect.

Economics

A firm’s demand curve can be used to determine average revenue.

Answer the following statement true (T) or false (F)

Economics

Externalities tend to cause markets to be

a. inefficient. b. unequal. c. unnecessary. d. overwhelmed.

Economics