-Refer to the above table. If the price of a hamburger is $2, the price of a Broadway Show is $60, and the consumer has $190, what is the consumer optimum?
A) 4 hamburgers and 2 Broadway shows.
B) 5 hamburgers and 3 Broadway shows.
C) 6 hamburgers and 0 Broadway shows.
D) 0 hamburgers and 6 Broadway shows.

Question

-Refer to the above table. If the price of a hamburger is $2, the price of a Broadway Show is $60, and the consumer has $190, what is the consumer optimum?
A) 4 hamburgers and 2 Broadway shows. 
B) 5 hamburgers and 3 Broadway shows. 
C) 6 hamburgers and 0 Broadway shows. 
D) 0 hamburgers and 6 Broadway shows.

Quizplus · Accepted Answer

The consumer can buy 5 hamburgers ($10) and 3 Broadway shows ($180) for a total of $190, maximizing their budget.

-Refer to the Above Table