Identify the potential impact on the number of women in high-level management positions.

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Chapter 17, Problem 23QE

(a)

To determine

Identify the potential impact on the number of women in high-level management positions.

(b)

To determine

Explain the given statement.

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Riaz has a limited income and consumes only Apple and Bread. His current consumption choice is 3 apples and 5 bread. The price of apple is $3 each, and the price of bread is $2.5 each. The last apple added 5 units to Sadid's utility, while the last bread added 7 units. Is Riaz making the utility-maximizing choice? Why or why not? Do you suggest any adjustment in Riaz's consumption bundle? Why or why not? Give reasons in support of your answer.State the condition for a consumer's utility maximizing choice and illustrate graphically.