Refer to Table 5.1,which shows Madeline's preference ranking for various consumption bundles of bread and soup,where 1 represents her first choice,2 her second,and so on.If the price of soup is $3 per bowl,the price of bread is $3 per loaf and Madeline's income is $9 per day,which combination of bread and soup will she choose?
A) 2 loaves of bread and 1 bowl of soup
B) 1 loaf of bread and 2 bowls of soup
C) 3 loaves of bread and 0 bowls of soup
D) 0 loaves of bread and 3 bowls of soup

Question

Refer to Table 5.1,which shows Madeline's preference ranking for various consumption bundles of bread and soup,where 1 represents her first choice,2 her second,and so on.If the price of soup is $3 per bowl,the price of bread is $3 per loaf and Madeline's income is $9 per day,which combination of bread and soup will she choose? 
A) 2 loaves of bread and 1 bowl of soup 
B) 1 loaf of bread and 2 bowls of soup 
C) 3 loaves of bread and 0 bowls of soup 
D) 0 loaves of bread and 3 bowls of soup

Quizplus · Accepted Answer

The Answer is B