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Business, 20.04.2020 21:09 blkrosesss

Table : Alpo McBurgers
Alpho Cans Consumed per Day Total utility(Units of utility) McBurgers Consumed per Day Total utility(Units of utility)
0 0 0 0
1 7 1 16
2 13 2 28
3 16 3 36
4 17 4 40
1. Refer to the table with Alpo and McBurgers, if the price of one can of Alpo is $0.50 and the price of each McBurger is $1, which of the following would Ms. Tightwad, a utility-maximizing consumer, buy with her $4?
a. 4 McBurgers
b. 3 McBurgers and 2 cans of Alpo
c. 2 McBurgers and 4 cans of Alpo
d. 1 McBurger and 6 cans of Alpo

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Answers: 2

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Table : Alpo McBurgers
Alpho Cans Consumed per Day Total utility(Units of utility) McBurgers...

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