The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4

-Refer to Table 7.4. With an income of $10, the consumer would maximize utility by purchasing _____.
A)7 units of good A, 7 units of good B, and 7 units of good C
B)2 units of good A, 6 units of good B, and 7 units of good C
C)3 units of good A, 5 units of good B, and 6 units of good C
D)3 units of good A, 6 units of good B, and 4 units of good C
E)6 units of good A, 0 units of good B, and 7 units of good C

Question

The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4
 
-Refer to Table 7.4. With an income of $10, the consumer would maximize utility by purchasing _____.
A)7 units of good A, 7 units of good B, and 7 units of good C 
B)2 units of good A, 6 units of good B, and 7 units of good C 
C)3 units of good A, 5 units of good B, and 6 units of good C 
D)3 units of good A, 6 units of good B, and 4 units of good C 
E)6 units of good A, 0 units of good B, and 7 units of good C

Quizplus · Accepted Answer

The consumer would maximize utility by purchasing 3 units of good A, 5 units of good B, and 6 units of good C because this combination of goods gives the consumer the highest total utility, as shown in Table 7.4.

The Table Given Below Reports the Total Utility Derived by an Individual