Refer to the table for the next 4 questions Strawberries Total Apples Consumed Total Consumed Utility Utility 1 14 13 2 26 18 3 36 4 22 4 44 25 50 6. 27 6. 54 28 56 #12. Assume that strawberries cost $1 and apples cost $2. Which of the following combination of strawberries and apples satisfies the optimal consumption rule? a. 2 strawberries and 4 apples. b. 6 strawberries and 5 apples. c. 5 strawberries and 5 apples. d. 3 strawberries and 2 apples. e. 6 strawberries and 7 apples. #13. Assume that strawberries cost $1 and apples cost $2. If a consumer has $8, the bundle of goods that would maximize her utility per dollar and remain within her budget would be a. O strawberries and 4 apples. b. 6 strawberries and 5 apples. c. 6 strawberries and 1 apple. d. 4 strawberries and 2 apples. e. 2 strawberries and 3 apples.

Refer to the table for the next 4 questions Strawberries Total Apples Consumed Total Consumed Utility Utility 1 14 13 2 26 18 3 36 4 22 4 44 25 50 6. 27 6. 54 28 56 #12. Assume that strawberries cost $1 and apples cost $2. Which of the following combination of strawberries and apples satisfies the optimal consumption rule? a. 2 strawberries and 4 apples. b. 6 strawberries and 5 apples. c. 5 strawberries and 5 apples. d. 3 strawberries and 2 apples. e. 6 strawberries and 7 apples. #13. Assume that strawberries cost $1 and apples cost $2. If a consumer has $8, the bundle of goods that would maximize her utility per dollar and remain within her budget would be a. O strawberries and 4 apples. b. 6 strawberries and 5 apples. c. 6 strawberries and 1 apple. d. 4 strawberries and 2 apples. e. 2 strawberries and 3 apples.

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 1SCQ: Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can...

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