This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,the price of ice cream is:
A) $2 per cone.
B) $1 per cone.
C) diminishing as Jack increases the amount consumed.
D) $5 per cone.

Question

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10.  Considering the information in the table shown,the price of ice cream is:
A) $2 per cone. 
B) $1 per cone. 
C) diminishing as Jack increases the amount consumed. 
D) $5 per cone.

Quizplus · Accepted Answer

The Answer of This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10.  Considering the information in the table shown,the price of ice cream is:
A) $2 per cone. 
B) $1 per cone. 
C) diminishing as Jack increases the amount consumed. 
D) $5 per cone.

This Table Shows the Different Combinations of Goods That Jack