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Question 54

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Use the following to answer question: Use the following to answer question: -(Figure: Harold's Indifference Curves) Use Figure Harold's Indifference Curves.If the price of bread is $0.50 per loaf,the price of cheese is $1 per pound,and Harold has $7 to spend on bread and cheese,Harold's optimal consumption bundle is _____ loaves of bread and _____ pounds of cheese. A) 6;4 B) 4;3 C) 3;2 D) 2;8
-(Figure: Harold's Indifference Curves) Use Figure Harold's Indifference Curves.If the price of bread is $0.50 per loaf,the price of cheese is $1 per pound,and Harold has $7 to spend on bread and cheese,Harold's optimal consumption bundle is _____ loaves of bread and _____ pounds of cheese.


A) 6;4
B) 4;3
C) 3;2
D) 2;8

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