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(Table) Using the Information in the Table, Assume the Consumer

Question 138

Multiple Choice

(Table) Using the information in the table, assume the consumer has a weekly budget of $2.50, the price of a root beer is $0.50, and the price of a candy bar is $1. If the consumer maximizes utility, total utility is _____ utils.
 Root Beer  Candy Bars  Quantity  Total Utility  Quantity  Total Utility 00001601802110215031503200418042305200524062106240\begin{array}{l}\hline \quad \quad \quad {\text { Root Beer }} \quad \quad \quad \quad \quad \quad \quad \quad {\text { Candy Bars }} \\\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 60 & 1 & 80 \\\hline 2 & 110 & 2 & 150 \\\hline 3 & 150 & 3 & 200 \\\hline 4 & 180 & 4 & 230 \\\hline 5 & 200 & 5 & 240 \\\hline 6 & 210 & 6 & 240 \\\hline\end{array}\end{array}


A) 200
B) 210
C) 230
D) 260

Correct Answer:

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