Chocolate Bars per week 50 40 25 20 15 10 0 b 12 3 4 5 B 12 13 14 Budget Line 10 Pizzas per week Use the graphs above to answer the following questions. The graph shows a consumer's budget allocation toward chocolate and pizza per week and the indifference curves of various combinations of those goods. A. Compare points "e" and "f": which point yields more utility for the consumer? "e" and "f" yield the same utili B. Given the budget of this consumer, how many total pizzas can this consumer purchase per week? 10 C. If this consumer wanted to maximize utility by purchasing some combination of chocolate and pizzas, how many pizzas would this consumer purchase? 4
Chocolate Bars per week 50 40 25 20 15 10 0 b 12 3 4 5 B 12 13 14 Budget Line 10 Pizzas per week Use the graphs above to answer the following questions. The graph shows a consumer's budget allocation toward chocolate and pizza per week and the indifference curves of various combinations of those goods. A. Compare points "e" and "f": which point yields more utility for the consumer? "e" and "f" yield the same utili B. Given the budget of this consumer, how many total pizzas can this consumer purchase per week? 10 C. If this consumer wanted to maximize utility by purchasing some combination of chocolate and pizzas, how many pizzas would this consumer purchase? 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Transcribed Image Text:Chocolate Bars per week
50
40
25
20
15
10
0
1 2
E
b
3
C
6
4 5
d
12
13
14
Budget Line
10
Pizzas per week
Use the graphs above to answer the following questions. The graph shows a consumer's budget
allocation toward chocolate and pizza per week and the indifference curves of various combinations
of those goods.
A. Compare points "e" and "f": which point yields more utility for the consumer?
"e" and "f" yield the same utili
B. Given the budget of this consumer, how many total pizzas can this consumer purchase per week?
10
C. If this consumer wanted to maximize utility by purchasing some combination of chocolate and
pizzas, how many pizzas would this consumer purchase? 4
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