30. If the consumer has only $8 to spend, what would be the optimal consumption of both goods for this consumer? a. 4 colas and 2 burgers. O b. 5 colas and 1 burger. O c. 2 colas and 3 burgers. O d. 4 colas and 4 burgers.
30. If the consumer has only $8 to spend, what would be the optimal consumption of both goods for this consumer? a. 4 colas and 2 burgers. O b. 5 colas and 1 burger. O c. 2 colas and 3 burgers. O d. 4 colas and 4 burgers.
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 2P
Related questions
Question
![Total
Total
Utility
Utility
6
10
10
14
13
15
15
15
16
7
30. If the consumer has only $8 to spend, what would be the optimal consumption of both goods for this consumer?
Githe
O
HD
C
Number
of Colas
1
2
3
4
D
5
a. 4 colas and 2 burgers.
b. 5 colas and 1 burger.
c. 2 colas and 3 burgers.
d. 4 colas and 4 burgers.
MUC
6
4
3
2
1
MU/S
6
4
3
2
1
Number
of Burgers
1
2
3
4
5
MUb
wwwww
10
4
1
0
-8
MU/$
5
2
0.5
0
-4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3848dcb-ed9c-4bb8-b206-fa1f90603665%2Fd49d93d3-86a4-4d6f-92d1-fb6f054aad4d%2Fkodpl38_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total
Total
Utility
Utility
6
10
10
14
13
15
15
15
16
7
30. If the consumer has only $8 to spend, what would be the optimal consumption of both goods for this consumer?
Githe
O
HD
C
Number
of Colas
1
2
3
4
D
5
a. 4 colas and 2 burgers.
b. 5 colas and 1 burger.
c. 2 colas and 3 burgers.
d. 4 colas and 4 burgers.
MUC
6
4
3
2
1
MU/S
6
4
3
2
1
Number
of Burgers
1
2
3
4
5
MUb
wwwww
10
4
1
0
-8
MU/$
5
2
0.5
0
-4
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