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 $5 and the price of a muffin is $2 and a grapefruit is $1,what will be her optimal purchase?
A)0 muffin and 5 grapefruit.
B)1 muffin and 3 grapefruit.
C)2 muffins and 1 grapefruit.
D)3 muffins and 0 grapefruit.
E)3 muffins and 1 grapefruit.

Question

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 $5 and the price of a muffin is $2 and a grapefruit is $1,what will be her optimal purchase?
A)0 muffin and 5 grapefruit. 
B)1 muffin and 3 grapefruit. 
C)2 muffins and 1 grapefruit. 
D)3 muffins and 0 grapefruit. 
E)3 muffins and 1 grapefruit.

Quizplus · Accepted Answer

The Answer of 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 $5 and the price of a muffin is $2 and a grapefruit is $1,what will be her optimal purchase?
A)0 muffin and 5 grapefruit. 
B)1 muffin and 3 grapefruit. 
C)2 muffins and 1 grapefruit. 
D)3 muffins and 0 grapefruit. 
E)3 muffins and 1 grapefruit.

The Following Table Shows Erica's Utility for Muffins and Grapefruit