You like to eat apples and carrots. The graph shows your budget for both of these items at Harris Teeter. The table shows your total utility when you consume apples or carrots. Given this, what is your optimal consumption point? Carrots 10 20 30 40 50 30. 23 15 O a. A O b. E O c. F O d. C 10 5 Apples (Quantity) Total Utility Carrots (Quantity) Total Utility 100 50 A B 10 20 30 40 50 Apples 190 270 330 360 5 10 15 20 23 25 30 95 160 205 240 250 280

You like to eat apples and carrots. The graph shows your budget for both of these items at Harris Teeter. The table shows your total utility when you consume apples or carrots. Given this, what is your optimal consumption point? Carrots 10 20 30 40 50 30. 23 15 O a. A O b. E O c. F O d. C 10 5 Apples (Quantity) Total Utility Carrots (Quantity) Total Utility 100 50 A B 10 20 30 40 50 Apples 190 270 330 360 5 10 15 20 23 25 30 95 160 205 240 250 280

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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