Exhibit 6-17
-Suppose you have $12 to spend on apples and cookies.The price of one apple is $2 and the price of one cookie is $4.Using the information in Exhibit 6-17,determine the utility-maximizing combination of apples and cookies.
A) One apple and one cookie
B) Two apples and two cookies
C) One apple and three cookies
D) Four apples and two cookies
E) Two apples and one cookie
Correct Answer:
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