The following table shows Erica's utility for muffins and grapefruit.
-Refer to the above information to answer this question.If Erica has a budget of $8 and the price of both muffins and grapefruit are $1,what will be the total utility of her optimal purchase?
A) 96 utils.
B) 116 utils.
C) 210 utils.
D) 331 utils.
E) 541 utils.
Correct Answer:
Verified
Q25: The following graph shows the total utility
Q26: The following table shows Ketta's utility for
Q27: The following graph shows the total utility
Q28: The following table shows Pierre's utility for
Q29: The following table shows Ketta's utility for
Q31: The following graph shows the marginal utility
Q32: The following graph shows the total utility
Q33: The following table shows Erica's utility for
Q34: The following table shows Pierre's utility for
Q35: The following table shows Erica's utility for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents