Graph 22-7

-Refer to Graph 22-7. Assume that the consumer depicted in the graph has an income of $10. The price of Skittles is $1 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 $10. The price of Skittles is $1 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 choose to consume bundle A because it is the most preferred bundle that is affordable given the consumer's income and the prices of Skittles and M&Ms.

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