Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $2.00 and the price of a banana is $1.00. If the consumer spent all of her budget on just apples or just bananas, how many apples or bananas maximum would she be able to buy? Multiple Choice 4 apples or 8 bananas о 12 apples or 6 bananas О 6 apples or 12 bananas 5 apples or 10 bananas

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 5RQ: Who determines how much utility an individual will receive from consuming a good?
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Assume that a consumer has a given budget or income of $12 and that
she can buy only two goods, apples or bananas. The price of an apple is
$2.00 and the price of a banana is $1.00. If the consumer spent all of her
budget on just apples or just bananas, how many apples or bananas
maximum would she be able to buy?
Multiple Choice
4 apples or 8 bananas
о
12 apples or 6 bananas
О
6 apples or 12 bananas
5 apples or 10 bananas
Transcribed Image Text:Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $2.00 and the price of a banana is $1.00. If the consumer spent all of her budget on just apples or just bananas, how many apples or bananas maximum would she be able to buy? Multiple Choice 4 apples or 8 bananas о 12 apples or 6 bananas О 6 apples or 12 bananas 5 apples or 10 bananas
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