Graph 22-7
-Refer to Graph 22-7.Assume that the consumer depicted in the graph has an income of $20.The price of Skittles is $2 and the price of M&Ms is $2.This consumer will choose to optimise by consuming:
A)bundle A
B)bundle B
C)bundle C
D)bundle D

Question

Graph 22-7 
-Refer to Graph 22-7.Assume that the consumer depicted in the graph has an income of $20.The price of Skittles is $2 and the price of M&Ms is $2.This consumer will choose to optimise by consuming:
A)bundle A 
B)bundle B 
C)bundle C 
D)bundle D

Quizplus · Accepted Answer

The consumer will optimize consumption by choosing the bundle that maximizes utility within their budget constraint. Given the prices and income, bundle B likely represents the optimal choice where the consumer can afford the combination of Skittles and M&Ms that provides the highest satisfaction.

Graph 22-7 -Refer to Graph 22-7.Assume That the Consumer Depicted in the Depicted